Lodha Developers Acquires Land to Develop ₹2,300 Crore Housing Project in MMR
Lodha Developers Ltd has acquired a land parcel in the Mumbai Metropolitan Region (MMR) to develop a housing project worth ₹2,300 crore. This move is part of the company's strategy to expand its business and meet its fiscal targets.
Real EstateLand AcquisitionLodha DevelopersMumbai Metropolitan RegionHousing ProjectsReal Estate NewsOct 12, 2025
With this latest acquisition, Lodha Developers has successfully met its current fiscal target of acquiring multiple land parcels with the potential to generate revenue worth ₹25,000 crore. In its latest operational update for the second quarter of 2025-26, the company stated, “In Q2 of FY26, we added one project with a gross development value (GDV) of ₹2,300 crore in MMR.”
The company did not specify whether the land acquisition was an outright purchase or a joint development agreement with the landowner. However, Lodha Developers has been proactive in business development, achieving its full-year guidance of ₹25,000 crore in the first half of the fiscal year and maintaining a robust pipeline for further projects.
In the first quarter of this fiscal, Lodha Developers acquired five land parcels in the Mumbai region, Pune, and Bengaluru to develop housing projects with a total revenue potential of ₹22,700 crore. During the previous fiscal year, the company acquired 10 land parcels to develop housing projects with a total sales value of ₹23,700 crore.
On the sales front, Lodha Developers reported a 7% increase in pre-sales or sales bookings to ₹4,570 crore in the second quarter of this fiscal, driven by better housing demand. In the corresponding period last year, the company's sales bookings stood at ₹4,290 crore. “We achieved pre-sales of ₹4,570 crore in Q2 of FY26, showing 7% year-on-year (YoY) growth, despite limited launches in the quarter,” the company stated.
Over the first six months of this fiscal, Lodha Developers' sales bookings or pre-sales increased by 8% to ₹9,020 crore from ₹8,320 crore in the same period of the previous year. The company's sales bookings rose to ₹17,630 crore in FY25, compared to ₹14,520 crore in the preceding year.
Lodha Developers is optimistic about meeting its FY26 pre-sales guidance of ₹21,000 crore. “With the Supreme Court’s green-lighting the Environmental Clearance (EC) process in late August, we have significant launches in H2 and are on track to meet our FY26 pre-sales guidance of ₹21,000 crore,” the company noted.
Lodha Developers, one of the largest real estate developers in India, has a strong presence in the residential markets of the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. The company has delivered 110 million square feet of real estate and is currently developing more than 130 million square feet under its ongoing and planned portfolio.
During the 2024-25 fiscal year, Lodha Developers reported a net profit of ₹2,766.6 crore on a total income of ₹14,169.8 crore. On Friday, the company's shares closed at ₹1,154.70 apiece on the BSE, with a total market capitalization of over ₹1.15 lakh crore.
Despite some sluggishness in overall housing demand as reported by property consultants, listed real estate developers like Lodha Developers have performed well so far this year. The company's strategic acquisitions and robust sales performance underscore its commitment to growth and market leadership in the Indian real estate sector.
Frequently Asked Questions
What is the value of the new housing project Lodha Developers is developing in MMR?
The new housing project Lodha Developers is developing in the Mumbai Metropolitan Region (MMR) is valued at ₹2,300 crore.
How many land parcels did Lodha Developers acquire in the first quarter of this fiscal?
In the first quarter of this fiscal, Lodha Developers acquired five land parcels in the Mumbai region, Pune, and Bengaluru.
What is Lodha Developers' pre-sales target for FY26?
Lodha Developers has set a pre-sales target of ₹21,000 crore for the fiscal year 2025-26.
How did Lodha Developers' sales bookings perform in Q2 of FY26 compared to the previous year?
Lodha Developers' sales bookings in Q2 of FY26 increased by 7% to ₹4,570 crore compared to ₹4,290 crore in the corresponding period of the previous year.
What is the total market capitalization of Lodha Developers as of the latest update?
The total market capitalization of Lodha Developers was over ₹1.15 lakh crore as of the latest update.
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