Lodha Developers Secures Land for Rs 2,300 Crore Housing Project in MMR
Lodha Developers has acquired a land parcel in the Mumbai Metropolitan Region (MMR) to develop a Rs 2,300 crore housing project, achieving its fiscal target for land acquisition with a potential revenue of Rs 25,000 crore.
Real EstateLand AcquisitionHousing ProjectPresalesMarket CapitalisationReal Estate NewsOct 12, 2025
With this latest land acquisition, Lodha Developers has achieved its current fiscal target of acquiring multiple land parcels, which have the potential to generate revenue worth Rs 25,000 crore. The company did not disclose whether the land acquisition was an outright purchase or a joint development agreement with the landowner.
In its latest operational update for the second quarter of 2025-26, Lodha Developers stated, “In Q2 of FY26, we added one project with GDV (gross development value) of Rs 2,300 crore in MMR.” The company has a robust pipeline and has already achieved its full-year guidance of Rs 25,000 crore in the first half of the fiscal year.
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 Rs 22,700 crore. During the last fiscal, the company acquired 10 land parcels to develop housing projects with a total sales value of Rs 23,700 crore.
On the sales front, Lodha Developers reported a 7% year-on-year increase in pre-sales or sales bookings to Rs 4,570 crore in the second quarter of this fiscal, driven by improved housing demand. In the year-ago period, its sales bookings stood at Rs 4,290 crore.
“We achieved pre-sales of Rs 4,570 crore in Q2 of FY26, showing 7% YoY growth, despite limited launches in the quarter,” Lodha Developers noted. During the first six months of this fiscal, the company's sales bookings or pre-sales increased by 8% to Rs 9,020 crore from Rs 8,320 crore in the corresponding period of the preceding year.
With the Supreme Court's green light for the Environmental Clearance (EC) process in late August, the company has significant launches planned for the second half of the fiscal year. Lodha Developers is on track to meet its FY26 pre-sales guidance of Rs 21,000 crore.
The company's sales bookings increased to Rs 17,630 crore in FY25 against Rs 14,520 crore in the preceding year. It has set a pre-sales target of Rs 21,000 crore for this fiscal year.
Listed real estate developers have performed well so far this year, despite some sluggishness in the overall housing demand as reported by property consultants. Lodha Developers, one of the largest real estate developers in the country, has a strong presence in the residential markets of Mumbai Metropolitan Region (MMR), Pune, and Bengaluru.
The company has delivered 110 million sq ft of real estate and is developing more than 130 million sq ft under its ongoing and planned portfolio. During the 2024-25 fiscal year, the company posted a net profit of Rs 2,766.6 crore on a total income of Rs 14,169.8 crore. On Friday, the company's shares closed at Rs 1,154.70 apiece on the BSE, with a total market capitalisation of over Rs 1.15 lakh crore.
Frequently Asked Questions
What is the value of the housing project that Lodha Developers is developing in MMR?
The housing project that Lodha Developers is developing in the Mumbai Metropolitan Region (MMR) is worth Rs 2,300 crore.
What is the total potential revenue from the land parcels acquired by Lodha Developers in the current fiscal?
The total potential revenue from the land parcels acquired by Lodha Developers in the current fiscal is Rs 25,000 crore.
How much did Lodha Developers' pre-sales increase in the second quarter of FY26 compared to the previous year?
Lodha Developers' pre-sales increased by 7% year-on-year to Rs 4,570 crore in the second quarter of FY26.
What is Lodha Developers' pre-sales target for FY26?
Lodha Developers has set a pre-sales target of Rs 21,000 crore for FY26.
What is the market capitalisation of Lodha Developers as of the latest update?
Lodha Developers' market capitalisation is over Rs 1.15 lakh crore.
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