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Lodha Developers Ltd is set to roll out residential projects worth INR 17,000 crore over the next three quarters, strengthening its launch pipeline to INR 25,000 crore for FY26 following recent land acquisitions. The company has already introduced INR 8,000 crore worth of housing units in the first quarter and remains confident of achieving its INR 21,000 crore pre-sales target for the fiscal year. Executive Director (Finance) Sushil Kumar Modi linked the sustained post-pandemic demand to India's economic momentum, tax relief, and reduced home loan interest rates.
Real estate major Lodha Developers Ltd has announced plans to launch residential projects valued at INR 17,000 crore over the remaining three quarters of the current financial year. This expansion follows its earlier rollout of INR 8,000 crore worth of housing developments in the April-June quarter. The total launch pipeline for FY26 has now grown to approximately INR 25,000 crore, surpassing the company's initial estimate of INR 18,000 crore, owing to the acquisition of five land parcels during the first quarter. Advertisement
Sushil Kumar Modi, Executive Director (Finance), stated that the company continues to witness high demand for residential properties, a trend that began in the post-Covid period. He attributed this ongoing momentum to India's economic growth, income tax incentives introduced in the Union Budget, and the recent moderation in home loan interest rates. According to Modi, these factors are expected to fuel additional demand in the residential segment.
He expressed confidence in Lodha's ability to meet its pre-sales target of INR 21,000 crore for the current financial year-marking a 19 percent growth over the previous year. Modi affirmed that the company is firmly on track to reach this figure, supported by its strong project pipeline and favourable market conditions.
Sales bookings during the April-June quarter touched INR 4,450 crore, reflecting a 10 percent year-on-year increase. Modi also pointed out that housing launches and sales typically gain momentum in the latter half of the fiscal year, driven by festive season demand-a well-known pattern in the Indian real estate sector.
On the financial front, Lodha Developers posted a consolidated net profit of INR 675.1 crore in the first quarter, a 42 percent jump from INR 475.9 crore during the same period last year. Total income for the quarter rose to INR 3,624.7 crore, up from INR 2,918.3 crore a year ago.
For the full 2024-25 financial year, Lodha Developers reported a net profit of INR 2,766.6 crore on a total income of INR 14,169.8 crore. The company maintains a strong footprint across Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, having already delivered 110 million sq ft of developed space and currently working on over 130 million sq ft under development and planning.
Source - PTI
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