Lodha Developers Acquires 80% Stake in Pune-based Solidrise Realty for ₹294 Crore
Lodha Developers Ltd, one of the leading real estate companies in India, has announced the acquisition of an 80% stake in Pune-based Solidrise Realty Pvt Ltd (SRPL) for ₹294 crore. This strategic move underscores Lodha Developers' commitment to expanding its footprint in the Indian real estate market.
In a regulatory filing, the Mumbai-based company detailed its share purchase pact to acquire the majority stake in Solidrise Realty. The acquisition cost is ₹294.07 crore, and following the deal, SRPL will become a subsidiary of Lodha Developers.
Lodha Developers has a rich history of developing high-quality real estate projects across India. The company has developed over 100 million square feet of area and sells properties under the Lodha brand. It maintains a strong presence in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru housing markets. Recently, the company has also entered the Delhi-NCR residential market, further diversifying its portfolio.
Financially, Lodha Developers reported a 1% growth in consolidated net profit at ₹956.9 crore in the third quarter, ended December 31, 2025. This marks a significant achievement, given the challenging economic environment. The company's total income surged to ₹4,775.4 crore in the October-December 2025 period from ₹4,146.6 crore in the corresponding period of the previous year.
In addition to its residential projects, Lodha Developers has shown a keen interest in technology and infrastructure development. In January, the company signed an initial agreement with the Maharashtra government, pledging an additional ₹1 lakh crore to construct an expansive data center park. This commitment comes just four months after the firm signed a previous Memorandum of Understanding (MoU) worth ₹30,000 crore for data center development within the state.
On January 19, Abhishek Lodha, the Managing Director and CEO of Lodha Developers, signed the MoU with the state government during the World Economic Forum in Davos. This infusion brings the firm’s total financial commitment to ₹1.3 lakh crore, significantly strengthening the group’s dedication to the state's economic expansion.
The data center park, with a total investment of ₹1.3 lakh crore, is expected to create over 16,000 direct and indirect jobs. The planned park, boasting a 2.5 gigawatt capacity, is designed to house numerous prominent domestic and international data center operators. In this ecosystem, Lodha Developers will serve as the primary developer, providing the necessary infrastructure for various players looking to establish their own data facilities.
"Over and above the ₹30,000 crore commitment last year to develop the data center park, we have signed another agreement with the government of Maharashtra to invest an additional ₹1 lakh crore. The state has already scaled newer heights under the leadership of Devendra Fadnavis, Chief Minister of Maharashtra," said Abhishek Lodha.
This acquisition and the data center project highlight Lodha Developers' strategic vision to not only dominate the residential real estate market but also to diversify into high-growth sectors such as technology and infrastructure. The company's robust financial performance and ambitious projects position it as a key player in India's rapidly evolving real estate landscape.
