Lodha Group Achieves Record Quarterly Pre-Sales in Real Estate Sector
Mumbai-based real estate developer Lodha Group has announced its best-ever quarterly pre-sales, marking a significant milestone in the industry.
Lodha GroupReal EstatePresalesQuarterly GrowthIndiaReal Estate MumbaiJan 06, 2025
This represents a 32% YoY growth in Q3FY25.
The company has managed to achieve pre-sales of Rs 12,820 crore in the first nine months of FY25, showing a 25% YoY growth.
Collections for the quarter also saw a substantial increase, rising 66% to Rs 4,290 crore.
This robust performance reflects the company's strategic focus on delivering high-quality projects and meeting market demands.
In a strategic move, Lodha Group added a new project in Bengaluru with a gross development value (GDV) of Rs 2,800 crore.
This addition brings the total number of projects in Bengaluru to five.
The company expects this new project to significantly boost pre-sales growth in Bengaluru from the next financial year onwards.
Moreover, Lodha Group has been actively expanding its portfolio across key locations.
In the first nine months of FY25, the company added eight new projects with a total GDV of Rs 19,500 crore, spread across Mumbai Metropolitan Region (MMR), Bengaluru, and Pune.
This strategic expansion has helped the company achieve over 90% of its full-year guidance.
During the quarter, Lodha Group also acquired 33 acres of land in the National Capital Region (NCR) for its Digital Infrastructure business, which includes warehousing and industrial projects.
The company also entered into an agreement with its joint venture partner to increase its stake in the rental income (PropCo) from its Digital Infrastructure platform.
This move aligns with the company's strategy for calibrated growth in annuity income, thereby de-risking its development business.
Commenting on these achievements, a spokesperson for Lodha Group said, 'These developments are in line with our planned strategy for sustainable growth and de-risking our development business.
We remain committed to delivering high-quality projects and providing value to our stakeholders.'
Despite the positive financial performance, the company’s share price took a slight dip, closing 4.04% lower at Rs 1,343 on Monday.
Frequently Asked Questions
What is the best-ever quarterly pre-sales amount achieved by Lodha Group in Q3FY25?
Lodha Group achieved its best-ever quarterly pre-sales of Rs 4,510 crore in Q3FY25.
How much has Lodha Group's collections grown in Q3FY25?
Lodha Group's collections grew by 66% to Rs 4,290 crore in Q3FY25.
How many new projects has Lodha Group added in Bengaluru and what is their GDV?
Lodha Group added one new project in Bengaluru with a gross development value (GDV) of Rs 2,800 crore.
What is the total GDV of the eight new projects added by Lodha Group in the first nine months of FY25?
The total GDV of the eight new projects added by Lodha Group in the first nine months of FY25 is Rs 19,500 crore.
How much land did Lodha Group acquire in the NCR for its Digital Infrastructure business?
Lodha Group acquired 33 acres of land in the NCR for its Digital Infrastructure business.
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