Lodha Developers Acquires 80% Stake in Pune-based SRPL for ₹294 Crore
Mumbai-based Lodha Developers Ltd, one of India's leading real estate companies, has acquired an 80% stake in Pune-based Solidrise Realty Pvt Ltd (SRPL) for ₹294 crore. This strategic move is part of Lodha Developers' expansion plan, aimed at strengthening its presence in key markets across the country.
Lodha Developers, known for its premium properties under the Lodha brand, has a strong reputation in the real estate sector. In a regulatory filing, the company announced the acquisition of 80% equity stake in SRPL, with the total cost of acquisition amounting to ₹294.07 crore. Post-acquisition, SRPL will become a subsidiary of Lodha Developers.
Solidrise Realty Pvt Ltd (SRPL) is a well-established real estate player in Pune, known for its quality projects and strong market presence. The acquisition will enable Lodha Developers to tap into Pune's growing real estate market, which has seen significant development and demand in recent years.
Last month, Lodha Developers reported a 1% increase in consolidated net profit to ₹956.9 crore in the third quarter of the current fiscal year. The company's net profit stood at ₹944.4 crore in the corresponding period of the previous year. Total income also saw a rise, increasing to ₹4,775.4 crore in the October-December period of the 2025-26 fiscal year from ₹4,146.6 crore in the same period last year.
In addition to this acquisition, Lodha Developers has been actively acquiring land parcels in strategic locations. In the October-December quarter, the company acquired five land parcels in Mumbai, Delhi-NCR, and Bengaluru, with an estimated sales value of nearly ₹34,000 crore. This approach of acquiring land through outright purchases and forming partnerships with landowners helps Lodha Developers create a robust pipeline of future projects.
Lodha Developers has a rich history of developing high-quality properties, having developed more than 100 million sq ft of area so far. The company has a strong presence in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru housing markets. Recently, it has also entered the Delhi-NCR residential market, further expanding its geographical footprint.
This acquisition of SRPL is a strategic move that aligns with Lodha Developers' vision of becoming a leading real estate player in India. By leveraging SRPL's local expertise and market presence, Lodha Developers aims to deliver high-quality projects that meet the growing demand for residential and commercial properties in Pune.
With this acquisition, Lodha Developers continues to demonstrate its commitment to growth and innovation in the real estate sector, positioning itself for sustained success in the coming years.
