Lodha Developers Sees Net Debt Rise by ₹800 Crore in Q3 FY26 Due to Land Acquisitions
NEW DELHI: Real estate firm Lodha Developers Ltd has reported a 15% increase in its net debt, which now stands at ₹6,170 crore as of the October-December quarter of the 2025-26 fiscal year. This rise is attributed to the company's aggressive land acquisitions aimed at expanding its business.
Lodha Developers, known for its Lodha brand, is one of the leading real estate developers in India. The company's net debt was ₹5,370 crore as of September 30, 2025. Despite the significant investments in business development over the first nine months of this fiscal year, the net debt remains well below the company's ceiling of 0.5x net debt/equity.
During the December quarter, Lodha Developers acquired five land parcels in the Mumbai Metropolitan Region (MMR), Delhi-NCR, and Bengaluru. These acquisitions are part of the company's strategy to build a robust pipeline of future projects. The total revenue potential from these land parcels is estimated at ₹33,800 crore.
The company acquires land parcels through outright purchases and partnerships with landowners. This approach ensures a strong foundation for developing high-quality real estate projects, primarily focused on housing. Last month, Lodha Developers partnered with MRG Group to develop two projects in Gurugram, marking its entry into the Delhi-NCR housing and commercial real estate market. The company is also developing a warehousing project in the region.
Lodha Developers has a strong presence in the residential markets of MMR, Pune, and Bengaluru. In the previous fiscal year, the company's sales bookings increased to ₹17,630 crore, up from ₹14,520 crore in the preceding year. For the current financial year, Lodha has set a sales bookings target of ₹21,000 crore.
Since its inception, Lodha Developers 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. The company's strategic land acquisitions and partnerships are expected to drive its growth and contribute to its long-term success in the Indian real estate market.
Lodha Developers continues to focus on delivering high-quality projects and meeting the growing demand for housing and commercial real estate in key urban centers. The company's robust financial position and strategic investments position it well to achieve its ambitious growth targets.
