Lodha Developers Set to Enter Delhi-NCR Real Estate Market with Ambitious Land Deals
Mumbai-based real estate giant Lodha Developers is gearing up to enter the Delhi-NCR market within the next year, with plans to launch its first project in the region by the next fiscal year. The company aims to conclude one or more land deals this year to kickstart its expansion.
Real EstateDelhincrLodha DevelopersLand DealsMarket ExpansionReal Estate NewsAug 04, 2025
Looking to expand its footprint, Lodha Developers aims to acquire at least one land parcel this year to develop its first residential project in the Delhi-NCR market. The foray will begin with a pilot phase, involving a limited number of projects and a moderate level of investment. The company is taking a cautious approach to understand the market dynamics and build a robust supply chain for operations and sales.
“We expect to enter Delhi NCR in the next 12 months and hope to launch in fiscal 2027. The Delhi NCR is an important market for us to get into. We will enter gradually, similar to our approach in Pune and Bengaluru, with a pilot phase that includes a moderate number of projects and a moderate level of investment,” said Abhishek Lodha during a recent investors’ call.
The company’s focus in this period will be on building a strong local operating team. “We expect that we will conclude one or more land transactions either on a joint development basis or otherwise in the course of this financial year, and hope to launch in the next financial year. At this stage, the details are limited, but we will provide a more detailed update once the first land transaction is concluded,” Lodha added.
When asked about the specific micro-markets Lodha Developers is targeting in Delhi-NCR, Lodha said, “We are looking across the Delhi NCR to ensure that locations fit with our brand's premium positioning. We are also considering areas with attractive supply-demand dynamics and profitability. We will provide more specific details once the first land transaction is concluded. At this stage, it's just a directional thing that we expect to be entering the NCR in the next 12 months.”
Lodha Developers' market share is expected to more than double by the end of the decade in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. According to the company’s investor presentation for the Q1FY26, Lodha Developers' market share in MMR is expected to increase from 10% in FY24 to 20% by the end of the decade. In Pune, it aims to grow from 5% to 15%, and in Bengaluru, from 2% to 12%.
In the Q1FY26, Lodha Developers reported a 10% increase in sales bookings to ₹4,450 crore during the April-June period. The company’s total income also saw a rise to ₹3,624.7 crore in Q1FY26 from ₹2,918.3 crore during the same period last year. With a track record of delivering 110 million sq ft of real estate, Lodha Developers is currently developing more than 130 million sq ft under its ongoing and planned portfolio.
Lodha Developers is well-positioned to capitalize on the growing demand in the Delhi-NCR market, leveraging its experience and market insights to deliver high-quality residential projects. The company’s strategic approach to expansion and its focus on building a strong local team will be key to its success in this new market.
Frequently Asked Questions
When does Lodha Developers plan to enter the Delhi-NCR market?
Lodha Developers plans to enter the Delhi-NCR market within the next 12 months, with the aim of launching its first project in the region by fiscal 2027.
What is the initial approach of Lodha Developers in the Delhi-NCR market?
The initial approach will be a pilot phase involving a limited number of projects and a moderate level of investment to understand the market dynamics and build a robust supply chain.
What are the expected market share targets for Lodha Developers in MMR, Pune, and Bengaluru by the end of the decade?
Lodha Developers expects to double its market share in MMR to 20%, in Pune to 15%, and in Bengaluru to 12% by the end of the decade.
What were the sales bookings and total income of Lodha Developers in Q1FY26?
In Q1FY26, Lodha Developers reported sales bookings of ₹4,450 crore, a 10% increase, and total income of ₹3,624.7 crore, up from ₹2,918.3 crore in the same period last year.
What is the current development portfolio of Lodha Developers?
Lodha Developers has delivered 110 million sq ft of real estate and is currently developing more than 130 million sq ft under its ongoing and planned portfolio.
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