Real estate major Lodha Developers Ltd has announced plans to launch residential projects worth Rs 170 billion by March 2026, aiming to capitalise on strong demand in the housing sector. According to Executive Director (Finance) Sushil Kumar Modi, the company remains confident of meeting its pre-sales target of Rs 210 billion for the 2025–26 financial year, marking a 19 per cent rise over the previous year.

Modi said demand for residential properties has surged since the pandemic and is expected to grow further, supported by India’s economic momentum, income tax relief announced in the Budget, and a reduction in home loan interest rates.

“At the start of the fiscal, we estimated project launches worth Rs 180 billion. However, with the acquisition of five new land parcels in the June quarter, we now have clear visibility of launches totalling Rs 250 billion this fiscal,” he said.

Lodha has already launched housing projects worth Rs 80 billion in the first quarter alone. The remaining Rs 170 billion in launches will be spread across the next three quarters.

Modi believes the combination of a strong project pipeline, reduced interest rates, and tax incentives will provide the necessary tailwinds to meet the sales guidance.

Lodha reported sales bookings of Rs 44.5 billion during April–June 2025, reflecting a 10 per cent year-on-year increase. Modi noted that launches and sales typically rise in the second half of the fiscal, coinciding with the festival season which boosts buyer sentiment.

On the financial front, Lodha reported a 42 per cent rise in consolidated net profit to Rs 6.75 billion for the first quarter, up from Rs 4.76 billion a year earlier. Total income rose to Rs 36.2 billion from Rs 29.2 billion during the same period.

In FY 2024–25, the company posted a net profit of Rs 27.7 billion on revenue of Rs 141.7 billion.