According to an investor presentation, Lodha Developers acquired 11 plots of land in Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune and Bengaluru in the first nine months of this fiscal to develop housing projects.
These 11 lands acquired by the Lodha Group have an estimated salable area of 20.6 million square feet and an expected selling price of Rs. 58,800 crores.
Similarly, Godrej Properties is also aggressively acquiring land in Tier-I and II cities for group housing and residential plotted development projects.
Godrej Properties Rs. It has acquired around 20 plots of land so far this fiscal to develop housing projects worth Rs 42,000 crore.
In the first nine months of this fiscal, Godrej Properties, according to its investor presentation, had an estimated salable area of 22.36 million square feet and Rs. 12 lands were acquired for developing housing projects with an expected booking value of Rs 24,650 crore.
According to a regulatory filing, Godrej Properties paid Rs. It has acquired at least six plots of land so far this quarter to develop residential projects worth Rs 17,450 crore.
To add to the land bank for future development, both Godrej Properties and Lodha Developers acquire land parcels through outright purchase as well as partnering with landowners.
After the Covid pandemic, housing sales have been very strong, especially for premium luxury and ultra luxury homes. Demand is slowly shifting towards big branded developers with better track record.
Headquartered in Mumbai, both companies are leading real estate developers in the country.
Godrej Properties mainly develops group housing projects in MMR, Delhi-NCR, Pune, Bengaluru and Hyderabad, while it sells housing plots in various states.
Lodha Developers builds housing projects in MMR, Pune and Bengaluru. It recently entered the Delhi-NCR housing market.
In terms of sales bookings, Godrej Properties Limited in the first nine months of this financial year has recorded Rs. 24,008 crore in sales bookings, while Lodha Developers during the April-December period of FY26 posted Rs. 14,640 crore worth of properties were sold.
Godrej Properties for this financial year Rs. 32,500 crore is confident of achieving the sales booking target and is likely to become the largest listed realty firm in terms of pre-sales. Even in the last financial year it was around Rs. was the number one listed developer with pre-sales of Rs 30,000 crore.
Prestige Estate Projects Ltd, DLF Ltd, Lodha Developers and Signature Global Ltd are among the top 5 listed developers in the first nine months of this financial year.
Lodha Developers Limited has also expressed confidence that it will book sales in the current financial year of Rs. 21,000 crore target, driven by strong sales momentum in existing projects and a significant launch pipeline in the current quarter.
During the financial year 2024-25, the company’s sales bookings increased to Rs. 17,630 crore, which in the previous year was Rs. 14,520 crore was
Mumbai-based Lodha Developers, which sells properties under the Lodha brand, has delivered 110 million sq ft of real estate to date and is under construction over 130 million sq ft in its ongoing and planned portfolio.
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