Lodha Developers Expands Real Estate Footprint with Rs 294 Crore SRPL Stake

Lodha Developers, one of India's leading real estate companies, has taken a significant step in its expansion strategy by acquiring an 80% stake in Pune-based Solidrise Realty Pvt Ltd (SRPL) for Rs 294 crore. This strategic move is aimed at consolidating Lodha's position in the competitive real estate market and leveraging SRPL's strong presence in Pune.

Mumbai-based Lodha Developers is renowned for its high-quality properties and has a strong brand presence across major cities in India. The company has been consistently growing its portfolio through strategic acquisitions and land purchases. This latest acquisition of SRPL is a testament to Lodha's commitment to expanding its footprint and enhancing its market share.

In a regulatory filing, Lodha Developers stated that it has entered into a share purchase agreement to acquire the 80% equity stake in SRPL. The total cost of the acquisition is Rs 294.07 crore, and SRPL will become a subsidiary of Lodha Developers. SRPL is a well-established real estate player in Pune, known for its successful projects and strong local market presence.

Lodha Developers has reported a 1% increase in consolidated net profit to Rs 956.9 crore in the third quarter of the current fiscal year, up from Rs 944.4 crore in the same period last year. The company's total income also rose to Rs 4,775.4 crore in the October-December period of 2025-26, compared to Rs 4,146.6 crore in the corresponding period of the previous year.

The acquisition of SRPL is part of Lodha's broader strategy to acquire prime land parcels and develop high-value projects. In the recent quarter, Lodha Developers has acquired five land parcels in Mumbai, Delhi-NCR, and Bengaluru, with an estimated sales value of nearly Rs 34,000 crore. The company's approach to land acquisition includes outright purchases and forming partnerships with landowners, ensuring a strong pipeline of future projects.

Lodha Developers has a rich history of developing over 100 million square feet of area and 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 and expanding its reach.

With this acquisition, Lodha Developers aims to capitalize on the growing demand for quality real estate in Pune and other key markets. The company's focus on delivering premium properties and its robust expansion strategy position it well to continue its growth trajectory in the coming years.

The real estate sector in India is witnessing a resurgence, and Lodha Developers is well-positioned to benefit from this trend. The acquisition of SRPL is a strategic move that aligns with the company's long-term vision and strengthens its competitive edge in the market.

In conclusion, the acquisition of SRPL by Lodha Developers for Rs 294 crore is a significant development in the Indian real estate landscape. It underscores the company's commitment to growth and its ability to identify and capitalize on strategic opportunities. As Lodha continues to expand its portfolio, it is poised to play a leading role in shaping the future of the real estate market in India.