Lodha Developers Ltd is looking to surf the strong wave of housing demand and a favorable economic environment with a plan to make launches of Rs.17,000 crore worth residential projects by March 2026. The realty giant is hopeful of delivering Rs.21,000 crore in pre-sales in the current fiscal, up 19 percent from the corresponding period last year.
"We are on course and are hence sure of meeting Rs.21,000 crore of pre-sales guidance for the current fiscal," said Sushil Kumar Modi, Executive Director (Finance), in an interview to PTI.
Powerful market tailwinds like post-COVID bounce-back, income tax advantage, GDP growth, and softening home loan interest rates are likely to keep fueling housing demand.
Key Highlights:
Lodha has already brought into the market Rs.8,000 crore of projects in Q1 FY26 with a remaining Rs.17,000 crore pipeline for the rest of the year.
“At the start of this quarter, we were expecting launches of Rs.18,000 crore. However, with five land parcels purchased in Q1, we now have unambiguous visibility of launches of Rs.25,000 crore for FY26," Modi further added.
Also read: Lodha Reports Record Q1 FY26 Pre-Sales of INR 44.5 Bn
The firm reported Rs.4,450 crore in April–June quarter sales bookings, a 10 percent year-on-year growth. Net profit in Q1 increased by 42 percent at Rs.675.1 crore from Rs.475.9 crore last year, while the total income climbed to Rs.3,624.7 crore.
Modi further added, "Housing launches and sales are frequently backloaded as a result of the festive season during H2, which tends to induce incremental demand."
Lodha remains a top player in prime locations such as MMR, Pune, and Bengaluru, with 110 million sq ft completed and another 130 million sq ft under construction.
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