Lodha Developers Aims for ₹24,000 Crore in Housing Sales for FY27
Lodha Developers targets ₹24,000 crore in housing sales in FY27
Mint
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Lodha Developers Ltd, based in Mumbai, is targeting ₹24,000 crore (approximately $2.9 billion USD) in pre-sales for the financial year 2026-27, up from ₹20,530 crore in FY26. The company plans to enhance its annuity business and expand its residential projects, including new developments in Gurugram.
- 01Lodha Developers aims for ₹24,000 crore in pre-sales in FY27.
- 02The company reported a 21% increase in revenue to ₹16,676 crore in FY26.
- 03Net profit rose by 24% to ₹3,430.7 crore in FY26.
- 04Lodha plans to launch its first projects in Gurugram in FY27.
- 05The company aims to grow its rental income from ₹300 crore to ₹3,000 crore in six years.
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Lodha Developers Ltd, a prominent real estate firm based in Mumbai, is setting ambitious targets for the financial year 2026-27, aiming for ₹24,000 crore (approximately $2.9 billion USD) in pre-sales from its housing projects. This target marks an increase from ₹20,530 crore in FY26, despite falling short of its earlier guidance of ₹21,000 crore due to external factors like the West Asia conflict. In FY26, the company achieved a 21% year-on-year increase in revenue from operations, reaching ₹16,676 crore, alongside a 24% rise in net profit to ₹3,430.7 crore. For the January-March quarter, Lodha reported a 9.24% year-on-year increase in net profit, totaling ₹1,008.1 crore. Looking ahead, Lodha will launch its first projects in Gurugram and aims to significantly boost its rental income from ₹300 crore to ₹3,000 crore over the next six years, diversifying its portfolio with developments in office, retail, and data center spaces. The company remains one of the top four developers in India, alongside Prestige Estates Projects Ltd, DLF Ltd, and Godrej Properties Ltd.
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The increase in housing sales and expansion into new markets could lead to more job opportunities in construction and real estate, benefiting local economies.
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