NEW DELHI: Lodha Developers Ltd. has reported a 15% rise in net debt, reaching Rs 6,170 crore for the October-December period due to aggressive land acquisitions aimed at business expansion.
Lodha Developers, a prominent name in the Indian real estate sector, operates under the Lodha brand.
According to the company’s operational update, its net debt was Rs 6,170 crore at the end of Q3 for the fiscal year 2025-26, up from Rs 5,370 crore on September 30, 2025.
“Despite substantial investments in business development during the first nine months of this fiscal year, our net debt remains at Rs 61.7 billion, significantly below our 0.5x net debt/equity ceiling,” stated Lodha Developers.
During the recent December quarter, the firm acquired five land parcels in the Mumbai Metropolitan Region (MMR), Delhi-NCR, and Bengaluru for upcoming projects.
The company utilizes outright purchases and partnerships with landowners to ensure a robust pipeline of future developments.
Lodha Developers plans to develop primarily residential projects on these five sites, which have a total revenue potential estimated at Rs 33,800 crore.
Recently, the company partnered with MRG Group to work on two projects in Gurugram, marking its entry into the housing and commercial markets of Delhi-NCR, alongside its ongoing warehousing project.
The firm has established a solid presence in the residential markets of MMR, Pune, and Bengaluru.
In the last fiscal year, Lodha’s sales bookings rose to Rs 17,630 crore from Rs 14,520 crore the previous year.
For the current financial year, Lodha aims for a sales bookings target of Rs 21,000 crore.
Since its inception, the company has delivered 110 million square feet of real estate and is currently developing over 130 million square feet in its ongoing and planned projects.
