Tag: Lodha Developers

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Lodha Developers acquires 4.3-acre Malabar Hill site with bungalows

Representative Image MUMBAI: Lodha Developers, a leading real estate firm, has acquired development rights for a valuable 4.3-acre land site in the affluent Malabar Hill area of South Mumbai, where six bungalows and other buildings currently stand. The projected development value is approximately ₹2,800 crore. The agreement entails an initial payment along with a combination of monetary and non-monetary compensations to the land-owning trust once redevelopment is complete. The property, owned by the Sorabji Kanga Charity Trust, includes a residential tower and a chawl, though the tower will not be part of the redevelopment plan, according to informed sources. As…

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Lodha Acquires 80% Stake in Solidrise Realty for ₹294.07 Crore

NEW DELHI: Lodha Developers has signed a share purchase agreement to acquire an 80% equity stake in Solidrise Realty (SRPL) for ₹294.07 crore. Following this acquisition, SRPL will operate as a subsidiary of the company, which is actively involved in the Pune real estate market. The acquisition aims to facilitate the company’s expansion into Pune, as stated in its regulatory filing. In the earnings report for Q3 FY26, Abhishek Lodha, the managing director and CEO, announced the addition of approximately ₹340 billion in gross development value (GDV) from new project developments, including two projects currently in the pilot phase in…

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Ex-Lodha Developer Director in ED Custody Until Feb 20

MUMBAI: On Friday, a special PMLA court in Mumbai remanded Rajendra Lodha, a former director of Lodha Developers Ltd, into Enforcement Directorate (ED) custody until February 20, in connection with a money laundering case involving ₹85 crore. The ED’s case is founded on allegations of cheating and forgery, as detailed in a FIR filed by the Mumbai police’s crime branch under the Bharatiya Nyaya Sanhita (BNS). Rajendra Lodha was arrested by the crime branch in September of last year and has since been held in judicial custody. The ED officially took him into custody on Thursday for the money laundering…

Latest StoriesRegulatory

ED Arrests ex-Lodha Developers Director in ₹85 Cr Money Laundering

MUMBAI: The Enforcement Directorate (ED) has formally arrested Rajendra Lodha, a former director of Lodha Developers Limited, in connection with an alleged money laundering case involving ₹85 crore. The ED’s case is built on accusations of cheating and forgery reported by the Mumbai police under the Bharatiya Nyaya Sanhita (BNS). Lodha was previously arrested in a related crime branch case back in September and has remained in judicial custody. During the investigation, the ED presented him to a special court overseeing cases filed under the Prevention of Money Laundering Act (PMLA), where he was officially placed under arrest. He is…

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Lodha Developers Q3 FY26 Net Debt Rises ₹800 Cr to ₹6,170 Cr

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…

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Lodha Developers’ Q3 FY26 Sales Up 25% to ₹5,620 Crore

NEW DELHI: Lodha Developers announced quarterly pre-sales of ₹5,620 crore for Q3 FY26, reflecting a 25% increase year-on-year. The company is on track to meet its annual pre-sales target of ₹21,000 crore. Collections for Q3 FY26 were ₹3,560 crore, which is lower compared to the same period last year due to unique inflows from significant land and office sales recorded in Q3 FY25. However, the company anticipates an increase in collections in the forthcoming quarters. During the quarter, five new projects were launched with a gross development value (GDV) of ₹33,800 crore across the Mumbai Metropolitan Region (MMR), NCR, and…

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SC Directs ED to Release V Hotels Assets to Lodha Developers

NEW DELHI: The Supreme Court has ordered the Enforcement Directorate (ED) to unfreeze 12 properties of corporate debtor V Hotels Ltd, which includes land in Maharashtra valued at approximately ₹4,000 crore. This decision marks a significant victory for Lodha Developers, which acquired V Hotels through the insolvency resolution process last year. Among the assets to be released is Mumbai’s prestigious Centaur Hotel located in Juhu. Lodha Developers, previously known as Macrotech Developers, acquired V Hotels via a ₹890-crore resolution plan sanctioned by the National Company Law Tribunal (NCLT) in April of last year. The company had deposited ₹520.80 crore as…

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ED probes 14 sites linked to ex-Lodha Developers director

MUMBAI: The Enforcement Directorate (ED) has conducted searches at 14 locations in Mumbai and nearby areas associated with Rajendra Lodha, the former director of Lodha Developers (now Macrotech Developers), and his associates as part of a money laundering investigation. Rajendra is accused of defrauding the Lodha Group, established by minister and BJP leader Mangal Prabhat Lodha, by illegally selling apartments in a New Cuffe Parade project. The city crime branch had previously arrested him, leading to the ED’s case based on that FIR. One of the locations searched belonged to Vinod Patil, the brother of a former MNS MLA. Neighbors,…

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Lodha Developers’ Q2 FY26 net profit jumps 86.67%

NEW DELHI: Lodha Developers has announced an impressive 86.67% increase in its net consolidated profit for the quarter ending September 30, 2025. Their profit after tax reached ₹789.80 crore in Q2 FY26, compared to ₹423.10 crore in the same quarter last year, as stated in a filing to the BSE. The company’s total consolidated income for Q2 FY26 was ₹3,878.90 crore, marking a 44.49% rise from ₹2,684.60 crore in the corresponding quarter of the previous fiscal year. Abhishek Lodha, MD & CEO of the company, expressed, “We are delighted to report our best-ever Q2 performance, achieving pre-sales of ₹45.7 billion,…

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Lodha Developers’ Q3 pre-sales rise 7% to ₹4,570 crore

Realty developer Lodha Developers has reported a year-on-year increase of 7% in pre-sales, totaling Rs 4,570 crore for the quarter ending in September. The company’s collections also saw a 13% growth year-on-year, reaching Rs 3,480 crore. For the first half of the financial year, Lodha’s pre-sales amounted to Rs 9,020 crore, indicating an 8% rise compared to last year. Meanwhile, collections for this period increased by 10%, totaling Rs 6,360 crore, as stated in a regulatory filing. During this quarter, the developer launched a new project in the Mumbai Metropolitan Region with a gross development value (GDV) of Rs 2,300…