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Lodha Developers Plans Rs 14,000 Cr Project Launches
30 Nov
Summary
- Lodha plans 15 new housing projects valued at Rs 14,000 crore.
- Sales bookings increased by 8% to Rs 9,020 crore in the first six months.
- Company aims to enter the Delhi-NCR housing market with pilot projects.
Realty firm Lodha Developers is gearing up for significant expansion, with plans to launch 15 new housing projects valued at Rs 14,000 crore during the latter half of the current fiscal year. These upcoming developments will span across the Mumbai Metropolitan Region, Pune, and Bengaluru, offering a substantial 10 million sq ft of saleable area.
The company has demonstrated robust financial performance, with sales bookings, or pre-sales, increasing by 8% to Rs 9,020 crore in the first six months of the fiscal year, up from Rs 8,320 crore in the same period last year. This growth reflects a healthy demand for residential properties.
Further strengthening its market position, Lodha Developers is also strategizing an entry into the Delhi-NCR housing market, with initial pilot projects planned for Gurugram. This diversification into a new major market signifies a key growth initiative.
