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Sri Lotus Developers & Realty Ltd. has reported a strong start to the quarter with its newly launched ultra-luxury residential projects, The Arcadian in Juhu and Amalfi in Versova, securing combined bookings of INR 130 crore within the first week. The Arcadian, with an estimated GDV of INR 700 crore, contributed INR 92 crore, while Amalfi achieved INR 38 crore in bookings, underscoring robust demand in Mumbai's premium housing segment. Chairman and MD Anand K Pandit described the response as a testament to buyer confidence and the strength of the luxury market. Building on this momentum, the company plans to launch Project Varun in Bandra in Q3 FY26.
Sri Lotus Developers & Realty Limited has announced a strong start to the quarter, with its newly launched ultra-luxury residential projects -- The Arcadian in Juhu and Amalfi in Versova -- securing a combined INR 130 crore in bookings within the first week of launch. Advertisement
The Arcadian in Juhu, with an estimated Gross Development Value (GDV) of INR 700 crore, contributed INR 92 crore to initial bookings. Amalfi in Versova, inspired by a contemporary Mediterranean lifestyle, achieved INR 38 crore in bookings during launch week.
Commenting on the strong launch momentum, Anand K Pandit, Chairman & Managing Director, Sri Lotus Developers & Realty Limited, said: "We are delighted with the overwhelming response to The Arcadian in Juhu and Amalfi in Versova. Achieving INR 130 crore in bookings within a week is a testament to the strength of Mumbai's ultra-luxury housing market and the trust that homebuyers place in our brand. Our projects are thoughtfully crafted spaces that bring together design, community and luxury."
Building on this momentum, the company is preparing to launch its next marquee development, Project Varun in Bandra in Q3 FY26. Strategically located in one of Mumbai's most aspirational neighbourhoods, Varun is poised to further strengthen Sri Lotus Developers' footprint in the city's ultra-luxury segment. "With the upcoming launch of Project Varun, we are set to carry forward the strong momentum of FY25 into FY26, which we expect to be a defining year marked by significant growth in both pre-sales and revenues," Mr Pandit added.
Incorporated in 2015 (formerly AKP Holdings Limited), Sri Lotus Developers & Realty Ltd. is a Mumbai-based real estate developer specializing in luxury and ultra-luxury residential and premium commercial projects, with a strong focus on redevelopment in the western suburbs of Mumbai. The company has completed 4 projects aggregating over 4.2 lakh sq. ft. of carpet area, with 5 ongoing and 11 upcoming developments covering ~25.5 lakh sq. ft. of carpet area and ~18.7 lakh sq. ft. of saleable area.
With a strong presence in Juhu and Andheri West, the company plans to expand into South and Central Mumbai, Bandra, and Versova. Sri Lotus Developers manages end-to-end execution-from design and construction to sales and customer engagement ensuring consistent quality, superior materials, and customer satisfaction end-to-end execution-from design and construction to sales and customer engagement.
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