Lodha Developers Buys 80 Per Cent Stake In Pune Firm

20 Feb 2026 CW Team

Lodha Developers Ltd has acquired an 80 per cent stake in Pune-based Solidrise Realty Pvt Ltd in a deal that valued the stake at Rs 2,940.7 million (mn). The company executed a share purchase agreement as part of its geographic expansion and portfolio consolidation. The acquisition will bring Solidrise Realty into the Lodha Developers group as a subsidiary.

The regulatory filing disclosed the transaction and identified Solidrise Realty as engaged in the Pune real estate market. The filing gave the cost of acquisition as Rs 2,940.7 mn and confirmed the change of control. The company described the purchase as consistent with its aim to deepen market share in Pune and accelerate local project launches. The company said the move aligns with its strategy to expand presence outside its core markets.

In the previous quarter Lodha Developers reported a one per cent increase in consolidated net profit to Rs 9,569 mn in the third quarter of the fiscal year. The comparable net profit in the year-ago period was Rs 9,444 mn. Total income rose to Rs 47,754 mn from Rs 41,466 mn in the corresponding quarter. The company said it had acquired five land parcels in Mumbai, Delhi-NCR and Bengaluru with an estimated sales value of nearly Rs 340 billion (bn).

The group said it acquires land through outright purchases and partnerships with landowners to build a strong pipeline of projects. Lodha has developed more than 100 million square feet to date and maintained a strong presence in the Mumbai Metropolitan Region, Pune and Bengaluru housing markets. Management highlighted that the combined pipeline and recent land acquisitions are intended to support medium term revenue growth and deliver a diversified portfolio. It has recently entered the Delhi-NCR residential market.

Infrastructure Urban

20 Mar 2026

Lemon Tree Hotels Signs Resort In Lonavala Maharashtra

Lemon Tree Hotels Limited (LTHL) has signed a licence agreement for Lemon Tree Resort in Lonavala, Maharashtra, with the asset to be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of LTHL. The resort will offer 50 well appointed rooms and will include a restaurant, banquet, meeting room, swimming pool, spa and fitness centre. The company described the addition as part of its strategy to expand branded resort offerings in key getaway destinations. Lonavala, located in the Sahyadri hills, is a popular leisure destination in western India known for scenic landscapes and a ..

Kalai Chettinad Art And Architecture Festival At The Lotus Palace

The Lotus Palace Chettinad will host Kalai, the Chettinad Art and Architecture Festival, a four-day, three-night immersive celebration of the artistic legacy of Chettinad from three to six April 2026. The event has been organised by Apeejay Surrendra Park Hotels Limited (ASPHL) and will take place across restored heritage properties in Chettinad. It will be designed to offer guests a layered experience of place, structure and story that connects art, architecture and living traditions. The festival aims to present a confluence of global influences and local aesthetics. Kalai has been curated i..

SJVN Reaches One bn Units At 1,000 MW Bikaner Solar Project

SJVN Limited (SJVN) has reached a milestone with its 1,000 megawatt (MW) Bikaner Solar Power Project by generating one bn units of electricity on 20 March 2026. The achievement underscores the company's role in supplying clean and sustainable energy to the national grid. The generation milestone was recorded within months of the project commencing operations and highlights rapid performance from the new facility. The Bikaner project, located in Bikaner district of Rajasthan, has been developed and implemented by SJVN Green Energy Limited (SGEL) under the Central Public Sector Undertaking Schem..