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

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..