Lodha Developers Acquires 80% Stake in Pune-based SRPL for Rs 294 Crore
Mumbai-based Lodha Developers Ltd, one of India's leading real estate companies, has made a strategic move by acquiring an 80% stake in Pune-based Solidrise Realty Pvt Ltd (SRPL) for Rs 294 crore. This acquisition is part of Lodha Developers' aggressive expansion plan.
In a regulatory filing, Lodha Developers announced the share purchase agreement to acquire the 80% equity stake in SRPL. The cost of the acquisition is Rs 294.07 crore, and SRPL will become a subsidiary of Lodha Developers. This move is expected to strengthen Lodha's presence in the Pune real estate market.
SRPL is a well-established real estate company in Pune, known for its high-quality projects and strong market presence. The acquisition will not only expand Lodha Developers' portfolio but also enhance its operational capabilities in the region.
Lodha Developers has been consistently growing its business through strategic acquisitions and land acquisitions. Last month, the company reported a 1% increase in consolidated net profit to Rs 956.9 crore in the third quarter of the fiscal year 2025-26, up from Rs 944.4 crore in the same period last year. Total income rose to Rs 4,775.4 crore in the October-December period of the 2025-26 fiscal year, from Rs 4,146.6 crore in the corresponding period of the preceding year.
The company has been actively acquiring land parcels in key markets such as Mumbai, Delhi-NCR, and Bengaluru. In the October-December quarter, Lodha Developers acquired five land parcels with an estimated sales value of nearly Rs 34,000 crore. These acquisitions are part of the company's strategy to build a strong pipeline of future projects.
Lodha Developers has a significant presence in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru housing markets. The company recently entered the Delhi-NCR residential market, further diversifying its portfolio. With over 100 million square feet of development area under its belt, Lodha Developers continues to be a dominant player in the Indian real estate sector.
The acquisition of SRPL is expected to bring synergies in operations, cost optimization, and market reach. It will also help Lodha Developers to tap into new customer segments and enhance its brand value in the Pune market.
In conclusion, the acquisition of SRPL by Lodha Developers is a strategic move that aligns with the company's long-term growth objectives. It not only strengthens Lodha's market position but also opens up new opportunities for expansion and innovation in the real estate sector.
