Lodha Developers Acquires MMR Land for ₹2,300 Crore Housing Project, Achieves FY26 Land Target Early

Lodha Developers (NSE: LODHA) has acquired a land parcel in the Mumbai Metropolitan Region (MMR) to develop a housing project with a gross development value (GDV) of ₹2,300 crore. This marks the company’s continued expansion in its key markets and helps it achieve its full-year FY26 land acquisition target within the first half of the financial year. The company now has projects with a total revenue potential of ₹25,000 crore, front-loading its growth plans.

Lodha Developers Financial Performance

In its Q2 FY26 operational update, Lodha Developers reported a 7% year-on-year rise in pre-sales to ₹4,570 crore, compared to ₹4,290 crore in Q2 last year. This growth came despite limited project launches during the quarter. For the first half of FY26, total sales bookings reached ₹9,020 crore, an 8% increase YoY, showing steady demand in the housing segment.

Full-Year Pre-Sales Guidance on Track

With the Supreme Court clearing the Environmental Clearance (EC) process in late August, Lodha is preparing for significant project launches in H2 FY26. The company aims to meet its full-year pre-sales guidance of ₹21,000 crore. For context, Lodha achieved ₹17,630 crore in sales bookings in FY25, a 21% rise from ₹14,520 crore in FY24.

Market Presence and Development Footprint

Lodha maintains a strong presence in Mumbai, Pune, and Bengaluru, India’s most active residential real estate markets. To date, the company has delivered 110 million sq ft of real estate and is currently developing over 130 million sq ft across ongoing and upcoming projects. In FY25, Lodha reported a net profit of ₹2,766.6 crore on a total income of ₹14,169.8 crore, demonstrating strong financial health.

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Conclusion

Lodha Developers’ acquisition of the MMR land parcel strengthens its growth trajectory, helping it achieve its FY26 land acquisition target early. Backed by rising pre-sales, robust project execution, and strategic market presence, the company remains on track to meet its ₹21,000 crore pre-sales target and sustain leadership in India’s housing sector.

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