Lodha Developers expects to conclude one or more land deals this year, ahead of its Delhi-NCR foray: Abhishek Lodha
Looking to expand into the Delhi-NCR housing market, Lodha said the company aims to acquire at least one land parcel this year to develop its first residential project in the region.
The foray will begin with a pilot phase, involving a limited number of projects and a moderate level of investment.
Lodha Developers plans to enter the Delhi-NCR real estate market within the next year and aims to launch its first project in the region in the next financial year, the company said.
"We expect to enter Delhi NCR in the next 12 months and hope to launch in fiscal 2027. The Delhi NCR is an important market for us to get into. We obviously, as we have done in Pune and Bengaluru, will only enter in a gradual manner. We will be starting off with a pilot phase with a moderate number of projects and a moderate level of investment with a view to understanding better how the market operates and how we build out the supply chain for operations as well as sales," Lodha said during a recent investors' call.
"Our focus in this period is, first and foremost, on building our local operating team. We expect that we will conclude one or more land transactions either on a joint development basis or otherwise in the course of this financial year, and hope to launch in the next financial year. But obviously, at this stage, the details are limited. We will provide a more detailed update once the first land transaction is concluded," Lodha said.
Also Read: DLF's Rajiv Singh is the richest real estate developer, followed by Mangalprabhat Lodha and family: Grohe-Hurun India
Location strategy for Delhi-NCR
Responding to a question on which micro-markets Lodha Developers has zeroed in on for launching its first project in Delhi-NCR, he said that 'I think we are looking across the Delhi NCR to make sure that locations fit with our brand's premium positioning.'
"At the same time, have attractive dynamics when it comes to supply-demand and also profitability for us. So, we are looking across the board, and we will be able to provide a little bit more specific detail once the first land transaction is concluded. I think at this stage it's just a directional thing that, yes, we expect to be entering the NCR in the next 12 months," Lodha said during the call.
Also Read: Lodha versus Lodha: Real estate tycoons settle trademark dispute through mediation
Lodha Developers' market share is expected to be more than double by the end of the decade in MMR, Pune and Bengaluru
According to the investor presentation shared with the stock exchanges as part of the Q1FY26 quarterly financial results, Lodha Developers' market share will more than double in the Mumbai Metropolitan Region, Pune, and Bengaluru real estate markets by the end of the decade.
The company said in the Mumbai Metropolitan Region, its market share as of FY24 is 10%, which is likely to go up to 20% by the end of the decade, followed by 15% in Pune from its existing 5%, and 12% in Bengaluru from 2% currently, the investor's presentation revealed.
Also Read: Buying a property is better than renting one: Abhishek Lodha
Q1FY26 results
The company's sales bookings increased 10% during the April-June period of this fiscal year to ₹4,450 crore. The company's total income increased to ₹3,624.7 crore in Q1FY26 from ₹2,918.3 crore during the same time last year. Lodha Developers has delivered 110 million sq ft of real estate and is currently developing more than 130 million sq ft under its ongoing and planned portfolio.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
11 minutes ago
- The Hindu
Brazil requests consultations at WTO over Trump's tariffs
Brazil requested consultations at the World Trade Organization over tariffs imposed by U.S. President Donald Trump against the South American nation that went into effect on Wednesday (August 6, 2025). Mr. Trump has directly tied the 50% tariff on many imported Brazilian goods to the judicial situation of his embattled ally, former President Jair Bolsonaro, who is currently under house arrest. "The United States has flagrantly violated key commitments the country has agreed upon at the WTO, such as the principle of the most favored nation and tariff ceilings negotiated at that organisation,' Brazil's foreign ministry said in a statement. The most favoured nation principle is a cornerstone of Geneva-based WTO, whose aim is to get countries to respect trade agreements. The principle directs its members to treat each other equally in trade. WTO panels are set if no agreement is reached in disputes between members. 'Brazil's government reiterates its availability for negotiation and hopes these consultations contribute to a solution to the matter,' the Brazilian foreign office said. The U.S. government has not made comments about Brazil's move. WTO needs revamp: Lula Earlier, a Brazilian government official told The Associated Press that the case could drag on and there's no guarantee of success. The official, who wasn't authorised to discuss the matter publicly, spoke on condition of anonymity. Brazilian President Luiz Inácio Lula da Silva has repeatedly said that the trade body needs a revamp to be enabled to mediate in conflicts. Brazil's government estimates that 35.9% of the country's goods shipped to the American market have been affected. That is about 4% of Brazil's total exports. Mr. Trump directly tied the 50% tariff on imported Brazilian goods to the judicial situation of his embattled ally, former President Jair Bolsonaro, who is currently under house arrest. Last month, Bolsonaro was ordered to wear an electronic ankle monitor and to obey a curfew while the proceedings are underway. Lula is yet to speak about the move. On Tuesday, the leftist leader said he wouldn't call Mr. Trump to talk about trade 'because he doesn't want to' speak about it. Lula said that he might instead 'invite him to attend (November's climate summit) COP in Belem.'
India Today
11 minutes ago
- India Today
US slaps 50% tariff on Indian goods; textiles, shrimp, gems most hit
Domestic export sectors such as leather, chemicals, footwear, gems and jewellery, textiles and shrimp will be severely impacted by the imposition of the 50 per cent tariff by the US, say industry President Donald Trump on Wednesday slapped an additional 25 per cent tariff, raising the total duties to 50 per cent on goods coming from India, as a penalty for New Delhi's continued purchase of Russian United States has imposed additional tariffs or penalties for Russian imports only on India, while other buyers such as China and Turkey, have so far escaped such measures. "The tariffs are expected to make Indian goods far costlier in the US, with potential to cut US-bound exports by 40–50 per cent," think tank GTRI the new tariff, it said, organic chemicals' exports to the US will attract an additional 54 per cent duty. The other sectors which will attract high duties include carpets (52.9 per cent), apparel - knitted (63.9 per cent), apparel - woven (60.3 per cent), textiles, made-ups (59 per cent), diamonds, gold and products (52.1 per cent), machinery and mechanical appliances (51.3 per cent), furniture, bedding, mattresses (52.3 per cent).The 25 per cent duty, announced on July 31, will come into force from August 7 (9.30 am IST).The additional 25 per cent will be implemented by the US from August 27. These will be over and above the existing standard import duty in the 2024-25, the bilateral trade between India and the US stood at USD 131.8 billion (USD 86.5 billion exports and USD 45.3 billion imports).The sectors, which would bear the brunt of 50 per cent duty include textiles/ clothing (10.3 billion), gems and jewellery (12 billion), shrimp (USD 2.24 billion), leather and footwear (USD 1.18 billion), chemicals (2.34 billion), and electrical and mechanical machinery (about USD 9 billion).Kolkata-based seafood exporter and MD of Megaa Moda, Yogesh Gupta said that now India's shrimp will become expensive in the US market."We are already facing huge competition from Ecuador as it has only 15 per cent tariff. Indian shrimp already attracts a 2.49 per cent anti-dumping duty and a 5.77 per cent countervailing duty. After this 25 per cent, the duty will be 33.26 per cent from August 7," Gupta Confederation of Indian Textile Industry (CITI) said that it is "deeply concerned" about the potential adverse impact of the effective 50 per cent US tariff rate for US is India's largest market for textile and apparel US tariff announcement of August 6 is a huge setback for India's textile and apparel exporters as it has further complicated the challenging situation we were already grappling with and will significantly weaken our ability to compete effectively vis--vis many other countries for a larger share of the US market," it urged the government to urgently take steps to help the sector during these hugely testing Shah, MD, Kama Jewelry, said this move is a severe setback for Indian exports, with nearly 55 per cent of India's shipments to the US market directly 50 per cent reciprocal tariff effectively imposes a cost burden, placing our exporters at a 30–35 per cent competitive disadvantage compared to peers from countries with lesser reciprocal tariff, he said."Many export orders have already been put on hold as buyers reassess sourcing decisions in light of higher landed costs. For a large number of MSME-led sectors, absorbing this sudden cost escalation is simply not viable. Margins are already thin, and this additional blow could force exporters to lose long-standing clients," Shah Growmore International Ltd MD Yadvendra Singh Sachan said the exporters should look for new markets to maintain export are hoping that early finalisation of the India-US bilateral trade agreement will help in dealing with the tariff negotiations between India and the US are still going on for an interim trade deal, though there will be no compromise on the red lines with regard to duty concessions on agriculture items, dairy, and genetically modified (GM) products, sources two countries are negotiating a bilateral trade agreement (BTA). They are aiming to conclude the first phase of the pact by fall (October-November) this year.- EndsTune InMust Watch
NDTV
26 minutes ago
- NDTV
Chennaiyin FC Suspends Operations Due To Uncertainty Surrounding ISL
Indian club football appeared to be in complete crisis as Chennaiyin FC on Wednesday suspended its operations in view of the uncertainty surrounding the Indian Super League, days after Bengaluru FC and Odisha FC decided to stop paying salaries to their first-team players and staff. Chennaiyin's decision came a day before a crucial meeting between the All India Football Federation (AIFF) top brass and eight ISL clubs on Thursday. Chennaiyin FC is, however, unlikely to have a representation in the meeting as the club is not among the signatories calling for such a move. "In the light of the continuing uncertainty surrounding the future of the ISL, Chennaiyin FC has taken the extremely difficult decision to temporarily pause club operations," the Chennai-based club said on its social media handle. "These are never easy decisions to make, and ours has come after much thoughtful consideration and careful deliberation. The challenges of being a stakeholder in Indian football are well recognized. "This is not a step we take lightly. It affects people we care about deeply. The welfare of our players, coaches, staff and their families remains a priority, and we are in constant communication with them as we face this together." The two-time ISL champion side "hope that this pause will be short-lived and that we can return to doing what we love as soon as there is clarity for all clubs". "Throughout this uncertainty, our commitment to the growth of Indian football, upon which this journey began remains as strong as ever. To our loyal supporters, your passion and belief have always inspired us. We ask for your understanding as we navigate this challenging period, and we look forward to better days ahead," it added. "At Chennaiyin FC, we are more than just a football club. We are a family. Like any family, we support each other in difficult times. However we must remain true to the core values on which this club was built and which we have always strived to uphold." Last week, ISL side Odisha FC took the decision to suspend paying salaries to its first-team players and staff. Late on Monday, Bengaluru FC indefinitely suspended contracts of its first-team players and staff amid the continued uncertainty over the ISL, which remains on hold. The club, home to legendary striker and former India captain Sunil Chhetri, said the lack of clarity on the League's future left it with no choice but to take this "difficult" decision. "In view of the uncertainty surrounding the future of the Indian Super League season, Bengaluru Football Club has taken what is a very difficult decision of indefinitely suspending the salaries of the players and staff belonging to the first team,' the Bengaluru club had said in statement. "Running and sustaining a football club in India has always been an uphill climb, one we have put everything aside made, season after season. "However, the lack of clarity on the League's future leaves us with no choice but to take this step. The future and well-being of our players, staff and their families is of utmost importance to us, and we are in touch with them as we wait for a resolution," the statement added. Bengaluru FC also urged both the AIFF and FSDL to resolve the impasse at the earliest. "We urge the AIFF and FSDL to end this impasse swiftly. The uncertainty benefits no one, and a prompt resolution is vital for the future of Indian football," the club said. The ISL was put on hold by its organisers, Football Sports Development Limited (FSDL), due to the unresolved status of the Master Rights Agreement (MRA) with the All India Football Federation (AIFF). The current 15-year MRA between FSDL and AIFF, signed in 2010, expires on December 18. Amid the growing uncertainty, eight ISL clubs have written to the AIFF expressing concern about their future. The AIFF's top brass is scheduled to meet the CEOs of the eight clubs on Thursday to discuss the situation. The letter, calling for a "constructive dialogue" with the AIFF, was signed by Bengaluru FC, Jamshedpur FC, FC Goa, Hyderabad FC, Kerala Blasters, NorthEast United FC, Odisha FC and Punjab FC. The three Kolkata-based clubs -- Mohun Bagan Super Giant, East Bengal, Mohammedan Sporting -- as well as Mumbai City FC and Chennaiyin FC were missing. Last month, AIFF President Kalyan Chaubey had assured that the 2025-26 ISL season would be held, but stopped short of confirming a start date. On July 11, FSDL officially announced that the 2025-26 ISL season had been put "on hold' due to uncertainty surrounding the MRA renewal. The ISL usually runs from September to April. Following a directive from the Supreme Court, the AIFF has been asked not to negotiate new terms of the MRA (with FSDL) until a final judgment is delivered in the AIFF draft constitution case. A ruling is expected soon.
