Lodha Developers has acquired a new land parcel in the Mumbai Metropolitan Region (MMR) to develop a housing project valued at Rs 2,300 crore.
This purchase helps the company achieve its full-year land acquisition target in the first half of the financial year, with the acquired projects expected to generate a combined revenue of Rs 25,000 crore.
Earlier in the year, Lodha secured five other land parcels across Mumbai, Pune, and Bengaluru, representing potential revenues of Rs 22,700 crore. The latest deal was an outright purchase or a joint development agreement. The company maintains a robust project pipeline, underpinning its confidence in sustained growth.