Lodha Developers Sees Continued Growth Amid Market Consolidation

Lodha Developers' CEO Abhishek Lodha has highlighted key trends shaping Mumbai's real estate market during the company’s Q3FY26 earnings call.

While certain pockets of Mumbai are experiencing oversupply due to redevelopment projects, overall sales and buyer interest are still buoyed by the strength of the Lodha brand and their commitment to delivering high-quality, on-time projects.

Lodha believes that the market will continue to consolidate, with top-quality developments and leading brands emerging as the winners.

Key Highlights

• Lodha Developers sees continued growth driven by the strength of its brand and high-quality projects
• The affordable housing segment under ₹75 lakh has seen a decline in supply and sales
• Q3FY26 results show a 1% increase in net profit to ₹956.9 crore despite a 26% drop in Mumbai housing sales

Lodha identified two major trends affecting the broader industry. First, demand is consolidating around well-established developers, as buyers prioritize quality and trusted brands.

Second, the affordable housing segment (homes under ₹75 lakh) has seen a decline in both supply and sales, which was once a major driver of volume in the market. Lodha noted that since the company consciously moved away from this segment, its performance remained unaffected, but it has impacted the industry as a whole.

For Q3FY26, Lodha Developers reported a 1% increase in net profit to ₹956.9 crore, with total income rising to ₹4,775.4 crore. Areas like Borivali, Andheri, Bandra, and Malad continue to see high redevelopment activity, although housing sales in Mumbai fell 26% in 2025.

"We believe that while there are pockets of oversupply in Mumbai, the demand for the kind of product that we do and the lifestyle standards that we offer is really strong," Lodha said.

“On the demand side, we see footfalls and conversions remaining steady through the course of the last few quarters and in line with what we would have expected at the start of the year. On the reasoning for it, because one hears about the fact that there is, in pockets of Mumbai, lots of redevelopment happening and therefore, the fact that oversupply could be happening in pockets," he said during a recent earnings call while addressing questions regarding current demand, footfalls, and conversions in the Mumbai real estate market.

Also Read: Lodha Developers Q3 FY26 Sales Jump 25% to Rs. 5,620 Cr

"I think it really is underlining the fact that our sales performance as well as these walk-ins and conversions, are all driven by the strength of the brand and the execution capability to deliver good quality product on time,” he said.