More Stories

Informist, Thursday, Jan. 29, 2026

By Sunil Raghu & Shreya Shetty

MUMBAI – Lodha Developers Ltd. said the need for incremental investment to buy land in the future will remain modest, as it already has a sizeable land bank and project portfolio, the company's management said Thursday.

Speaking to analysts in a conference call post the December quarter earnings, the management of Lodha Developers said its overall pipeline of projects earmarked for the next five years has a revenue potential of nearly INR 2 trillion. This is in addition to the land bank that the company plans to develop in Palava and Upper Thane (in Mumbai) after five years. Apart from supporting growth across markets, this will help improve cash generation. 

The real estate developer, with projects and land bank in Mumbai, Pune and Bengaluru, saw its consolidated bottom line rise marginally on year, but surge 21% on quarter, to INR 9.57 billion. Analysts had projected the net profit at INR 9.88 billion. The consolidated revenue from operations for the December quarter grew 14% on year to INR 46.73 billion, slightly higher than the consensus estimate of INR 46.23 billion.

The real estate developer, which saw pre-sales rise 25% on year to a record high of INR 56.2 billion in the December quarter, said demand for quality housing remains robust across the markets it operates in. In Bengaluru, where it primarily sells high-end apartments, the company expects full-year sales to exceed INR 25 billion.

The company is starting a pilot phase in the Delhi–National Capital Region, and has signed two locations with a total gross development value of about INR 33 billion. It expects to launch sales for the projects over the next 12 months.

Talking about its key market of Mumbai, Lodha Developers' management said it has observed that the footfalls and conversions were steady over the last few quarters. It sees significant improvement in perception and sales at its projects in Palava and Upper Thane over the next 12 to 18 months. "The recent inauguration of Navi Mumbai International Airport will be another reason why Palava will further move up in the context of Mumbai's most desirable suburbs," the management said.

The company has also ventured into the field of data centres and is setting up one in Palava. It has two anchor customers – Amazon Web Services and Singapore Telecom. It expects hyperscaler players to sign up for this location in the next 12 to 18 months. The company is also commencing the construction of built-to-suit boxes for end-users to generate long-term rental income for the company in the coming years. "In terms of the underlying land value, while the last transaction for the data centre land happened at about 21 crores (INR 210 million) per acre, we now expect that land values will move up in a gradual but consistent manner, and over the next three odd years, we expect the number to be reaching as high as 50 to 60 crore rupees (INR 500 million-INR 600 million) per acre," the management said.

On Thursday, the company's shares closed 2.4% higher at INR 951.40 on the National Stock Exchange.  End

Edited by Tanima Banerjee

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.