Lodha Group Expands in Bengaluru with Ambitious FY2026 Projects

Macrotech Developers, or Lodha Group, is set to launch at least five new projects in Bengaluru in the current financial year (FY2026). This strategic move is part of the company's broader plan to expand its presence and market share in one of India's most dynamic real estate markets.

Abhishek Lodha, the managing director and CEO of Macrotech Developers, announced this ambitious plan during the Q4FY25 investors’ call. “We have successfully concluded our pilot phase in Bengaluru and are now transitioning into the growth phase,” Lodha said. “We are expecting to have five or more projects operational in Bengaluru in the course of the current fiscal year.”

Bengaluru, known as India’s IT capital, is a key market for Lodha Group. The company entered the Bengaluru real estate market in 2021 and has been steadily building its presence. Lodha Group aims to achieve a market share of 15% in Bengaluru by 2030. “We expect to move from our present market share of between 2% and 3% of sales in Bengaluru in the last fiscal year, when we made about ₹14 billion of sales, to more than 15% of the Bengaluru market by the end of the decade,” Lodha added.

The company’s success in Bengaluru is part of its broader strategy to diversify its portfolio beyond its traditional stronghold in Mumbai. In 2024, Lodha Group reported a market share of around 10% in the Mumbai real estate market, with the top five developers collectively holding a market share in the mid-20s. This strong performance in Mumbai has provided a solid foundation for the company’s expansion into other key cities like Bengaluru.

Lodha Group’s Q4 financial results for the March quarter of 2024 were also impressive. The company reported a 38% year-on-year rise in consolidated net profit to ₹921.7 crore, driven by higher income. The net profit stood at ₹665.5 crore in the year-ago period. According to a regulatory filing, the company’s total income rose to ₹4,420.3 crore in the fourth quarter of the previous fiscal year from ₹4,083.9 crore in the corresponding period of the preceding year.

The launch of these new projects in Bengaluru is expected to contribute significantly to Lodha Group’s growth. The company is optimistic about the potential of the Bengaluru market and is committed to delivering high-quality, sustainable real estate solutions that meet the needs of the city’s growing population.

In addition to Bengaluru, Lodha Group is also exploring opportunities in other cities. The company plans to start the pilot phase in one more city in FY2026, which will take two to three years to move into the growth phase. This strategic approach ensures a balanced and sustainable expansion, allowing Lodha Group to maintain its high standards and reputation in the real estate sector.

Lodha Group’s expansion into Bengaluru is a testament to the company’s commitment to innovation and growth. With a strong track record in Mumbai and a clear vision for the future, Lodha Group is well-positioned to become a leading player in the Bengaluru real estate market.