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Housing

Lodha Developers Eyes Delhi-NCR Market Expansion, Plans Land Deals and First Project Launch

Strategic Insights

— 1 min read

Indian real estate developer Lodha Developers is gearing up to enter the Delhi-NCR housing market, with plans to acquire at least one land parcel this year to develop its first residential project in the region. The company aims to expand into the Delhi-NCR market in a gradual manner, starting with a pilot phase involving a limited number of projects and a moderate level of investment. Lodha Developers' managing director and CEO, Abhishek Lodha, hinted at the company's intentions during the Q1FY26 earnings call, stating that they expect to enter the Delhi-NCR market within the next 12 months and launch their first project in the next financial year.

Key Takeaways:

  • Lodha Developers expects to conclude one or more land deals in Delhi-NCR this fiscal, paving the way for its first project launch in the region in the next financial year.
  • The company aims to acquire at least one land parcel this year to develop its first residential project in the region.
  • Lodha Developers plans to enter the Delhi-NCR real estate market within the next 12 months and launch its first project in the region in the next financial year.
  • The company will start with a pilot phase involving a limited number of projects and a moderate level of investment.
  • Abhishek Lodha highlighted the importance of building a local operating team to understand the Delhi-NCR market and its supply chain.
  • The company is considering various micro-markets in Delhi-NCR for its first project launch, with a focus on locations that fit its premium brand positioning and have attractive supply-demand dynamics.

Statistics:

  • Lodha Developers' market share is expected to more than double in MMR, Pune, and Bengaluru by the end of the decade, from 10% to 20% in MMR, 5% to 15% in Pune, and 2% to 12% in Bengaluru.
  • Sales bookings increased 10% during the April-June period of this fiscal year to Rs.4,450 crore.
  • The company's total income increased to Rs.3,624.7 crore in Q1FY26 from Rs.2,918.3 crore during the same time last year.
  • Lodha Developers has delivered 110 million sq ft of real estate and is currently developing more than 130 million sq ft under its ongoing and planned portfolio.

Sources:

  • Article by Hindustan Times, dated Aug 3, 2023 (exact date and time not specified)
  • Source: HT Digital Content Services
  • Lodha Developers Q1FY26 earnings call (July 28)
  • Lodha Developers' investor presentation (Q1FY26)

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