Lodha Developers

Lodha Developers delivered a strong performance in the third quarter, reporting a 25% increase in sales as residential demand remained resilient across key urban markets. The growth was driven by sustained buyer interest in mid-income and premium housing, supported by stable interest rates, improving consumer confidence, and faster project execution. The company benefited from healthy bookings, higher average realizations, and steady momentum in ongoing launches.

A controversy has surfaced involving a former director of Lodha Group, one of India’s largest real estate developers, who has been accused of fraudulent conduct in a land transaction with his son. Allegations suggest that the ex-director deliberately undervalued prime land assets in the sale, potentially causing financial loss to stakeholders. The case raises questions about corporate governance, ethical responsibility, and regulatory oversight within India’s real estate sector, which has often been marred by opacity and contentious land deals.

Lodha Developers, a leading player in India’s real estate sector, reported a 10% year-on-year increase in sales bookings, reaching Rs. 4,450 crore in the first quarter of fiscal 2025-26. Despite geopolitical tensions causing a brief disruption in market activity, the company remains confident about achieving its annual sales target of Rs. 21,000 crore. Bolstered by a robust project launch pipeline and strong housing demand, Lodha is poised to sustain growth momentum through the fiscal year, underscoring its resilient market position and strategic business development efforts.