Lodha Group records highest ever quarterly sales

11 Jan 2021 Editorial Team

Realty major Lodha Group has reported the highest-ever quarter bookings of over Rs 2,500 crore in the quarter ended 31 December 2021, led by heavy demand in the mid-income and affordable segment.

The group noted revved-up demand for its luxury and premium homes, which clocked bookings of approximately Rs 1,000 crore in this segment. The company's mid-income and affordable business witnessed bookings of about Rs 1,500 crore in the quarter.

Lodha Group said the premium and luxury category saw a significant increase in interest, with the walk-ins at Lodha Luxury properties rising 20% higher than the pre-Covid levels. Consumers have shown a distinct inclination towards ready homes, said the company.

Increased demand for larger homes with the prevalent work-from-home culture, has also been witnessed by the company, wherein units with decks and gardens emerged as the best-performing segment.

The country's real estate sector hinted at recovery in the third quarter of fiscal 2021, led by low home loan interest rates, festive demand, discount offers from developers, and reduced stamp duty in various states.

Also read: Industry reacts with enthusiasm at Maha premium cut

Image Source

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..