Lodha Developers, one of India’s leading real estate firms, has acquired a land parcel in the Mumbai Metropolitan Region (MMR) to develop a housing project with a gross development value (GDV) of Rs 23 billion, reinforcing its expansion momentum in its core market.

With this acquisition, the company has met its full-year FY26 land acquisition target — aggregating to projects with a total revenue potential of Rs 250 billion within the first half of the fiscal year.

In its Q2 FY26 operational update, Lodha stated, “In Q2 FY26, we added one project with GDV of Rs 23 billion in MMR. We have achieved our full-year guidance of Rs 250 billion in H1 itself and maintain a robust pipeline.” The company did not specify whether the new acquisition was an outright purchase or a joint development.

During the first quarter, Lodha acquired five land parcels across Mumbai, Pune, and Bengaluru, with a combined potential revenue of Rs 227 billion. In the previous fiscal (FY25), it secured 10 land parcels valued at Rs 237 billion in estimated sales potential.

The company also reported a 7 per cent year-on-year rise in pre-sales to Rs 45.7 billion during the July–September quarter, up from Rs 42.9 billion in the same period last year, despite “limited launches in the quarter.”

For H1 FY26, total sales bookings rose 8 per cent year-on-year to Rs 90.2 billion, compared to Rs 83.2 billion a year earlier. With the Supreme Court’s clearance of the Environmental Clearance (EC) process in August, Lodha plans several new launches in the second half of FY26 and remains confident of achieving its Rs 210 billion pre-sales guidance for the year.

In FY25, Lodha recorded sales bookings of Rs 176.3 billion, up 21 per cent from Rs 145.2 billion in FY24. The developer continues to maintain a strong presence across MMR, Pune, and Bengaluru, three of India’s most active residential markets.

To date, the company has delivered over 110 million sq ft of real estate and is currently developing over 130 million sq ft across ongoing and planned projects.

In FY25, Lodha reported a net profit of Rs 27.7 billion on a total income of Rs 141.7 billion, underscoring its operational strength and market leadership.

Despite some moderation in overall housing demand, listed real estate firms have continued to post strong performances in 2025, supported by premium housing demand, improved execution, and stable pricing.

With its latest MMR land acquisition, Lodha has effectively front-loaded its FY26 growth plans, achieving its annual land acquisition goal within six months. Backed by a healthy project pipeline, solid financials, and regulatory tailwinds, the developer remains firmly on track to achieve its Rs 210 billion pre-sales target and maintain its leadership in India’s residential real estate sector.