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Lodha Developers' Debt Surges 15% on Land Buys
18 Jan
Summary
- Net debt increased by 15% to Rs 6,170 crore in Q3 FY26.
- Five land parcels were acquired in MMR, Delhi-NCR, and Bengaluru.
- The newly acquired land has a total revenue potential of Rs 33,800 crore.
Lodha Developers reported a 15% increase in net debt, reaching Rs 6,170 crore by the end of the third quarter of the 2025-26 fiscal year. This rise is attributed to the company's aggressive land acquisition strategy aimed at business expansion. Despite significant investments, the company stated its net debt remains below its equity ratio ceiling.
During the December quarter, Lodha Developers acquired five new land parcels strategically located in the Mumbai Metropolitan Region, Delhi-NCR, and Bengaluru. These acquisitions are intended for developing real estate projects, primarily housing, with an estimated total revenue potential of Rs 33,800 crore.
This expansion includes a recent partnership to develop projects in Gurugram, marking the firm's entry into the Delhi-NCR housing and commercial market. Lodha Developers, a leading Indian realty firm, has a substantial track record, having delivered 110 million square feet and currently developing over 130 million square feet.
