Lodha Developers Reports 25% Increase in Q3 Sales Bookings to Rs 5,620 Crore

New Delhi: Realty firm Lodha Developers has announced a 25% increase in sales bookings to Rs 5,620 crore for the quarter ended December, fueled by a strong demand for its housing properties. This marks a significant improvement from the Rs 4,510 crore in sales bookings recorded in the same period last year.

“We achieved our best-ever quarterly pre-sales of Rs 56.2 billion in Q3, FY24, with a 25% year-on-year (YoY) growth and 23% quarter-on-quarter (QoQ) growth,” Lodha Developers informed the stock exchanges. The company also reported that it collected Rs 3,560 crore during the last quarter, highlighting its strong financial performance.

Lodha Developers is optimistic about achieving its target of Rs 21,000 crore in sales bookings for the current fiscal year. This confidence is bolstered by the strong sales momentum in existing projects and a significant launch pipeline in the current quarter. During the last fiscal year, the company’s sales bookings increased to Rs 17,630 crore, up from Rs 14,520 crore in the preceding year.

Mumbai-based Lodha Developers is one of the leading real estate companies in the country, known for its high-quality properties under the Lodha brand. The company has delivered 110 million sq ft of real estate to date and is currently constructing more than 130 million sq ft across its ongoing and planned portfolio. Lodha Developers continues to focus on delivering innovative and sustainable housing solutions to meet the growing demand in the real estate market.

The strong performance in Q3 FY24 is a testament to the company’s strategic initiatives and market leadership. Lodha Developers remains committed to maintaining its position as a top real estate developer in India, driven by a customer-centric approach and a focus on quality and innovation.