Lodha Developers, a leading real estate firm, has approved a plan to raise ₹5,000 crore through non-convertible debentures (NCDs) to diversify its debt pool and reduce the cost of funds. This move is part of the company's strategy to expand its business further in Mumbai, Pune, and Bengaluru.
Real EstateNcdsLodha DevelopersExpansionFundraisingReal Estate MumbaiAug 11, 2025
The main purpose of raising ₹5,000 crore through NCDs is to diversify the debt pool and reduce the cost of funds, enabling the company to expand its business further in Mumbai, Pune, and Bengaluru.
Lodha Developers' net debt in Q1 FY26 rose by about Rs 1,100 crore due to investment in business development.
The current net debt-to-equity ratio of Lodha Developers is 0.24x, which is below its target ceiling of 0.5x.
In Q1 FY26, Lodha Developers added five new projects with a gross development value (GDV) of Rs 22,700 crore.
Lodha Developers' profit attributable to owners for Q1 FY26 grew about 42 per cent year-on-year (YoY) to Rs 674.7 crore.
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