Latest news with #LodhaDevelopersLtd.
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Business Standard
5 days ago
- Business
- Business Standard
Mumbai realtor Lodha Developers plans to enter Delhi with ₹1,900 cr project
Lodha Developers Ltd., India's number two realtor by market value, is planning a residential project in and around New Delhi next year, in signs of an intensifying turf war as it enters industry leader DLF Ltd.'s stronghold. The Mumbai-based developer is considering rolling out a project with an investment of as much as ₹1,900 crore ($220 million) in the year starting April 2026, Prashant Bindal, the firm's chief sales officer said in an interview. The financial details are still being worked on and clarity will emerge closer to the actual launch, he added. The move shows a push among India's largest real estate firms to seek a national footprint as they tap into the growing demand for premium and luxury housing. DLF on Friday said that it has sold all apartments, for more than 23 billion rupees ($266 million), in the first phase of their maiden Mumbai project. In May, Prestige Estates Projects Ltd. completed three projects totaling 2.8 million square feet in Mumbai, marking the Bengaluru-based realtor's entry into the country's financial capital. 'Extraordinary growth is only achievable through expansion beyond their traditional local markets,' said Gulam Zia, senior executive director, Knight Frank India. 'The pressure from stakeholders to scale is prompting these companies to explore new geographies.' Homes priced above 10 million rupees made up for about half of all residential sales in India in the first half of this year, according to a report by consultant Knight Frank. Delhi National Capital Region led the race with 16,416 units sold, closely followed by Mumbai at 15,270 units. 'Intensifying Competition' The expansion into newer geographies 'is also intensifying competition for prime land parcels, skilled talent, and institutional capital across new geographies,' according to Arvind Nandan, managing director of research and consulting, Savills India. The real test for this cross-country expansion, however, will come when the market cycle turns, Zia said. 'Even the largest real estate developers have had to retreat from wider markets and refocus on their core geographies during downturns,' he said. The company has lined up about seven to eight launches this year across Mumbai, Pune and Bangalore, according to Bindal. 'We enter a city with the confidence that in next three years we will be in the top three players. That's our approach,' said Bindal.
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Business Standard
5 days ago
- Business
- Business Standard
Realtor Lodha Developers plans to enter Delhi with ₹1,900 crore project
Lodha Developers Ltd., India's number two realtor by market value, is planning a residential project in and around New Delhi next year, in signs of an intensifying turf war as it enters industry leader DLF Ltd.'s stronghold. The Mumbai-based developer is considering rolling out a project with an investment of as much as ₹1,900 crore ($220 million) in the year starting April 2026, Prashant Bindal, the firm's chief sales officer said in an interview. The financial details are still being worked on and clarity will emerge closer to the actual launch, he added. The move shows a push among India's largest real estate firms to seek a national footprint as they tap into the growing demand for premium and luxury housing. DLF on Friday said that it has sold all apartments, for more than 23 billion rupees ($266 million), in the first phase of their maiden Mumbai project. In May, Prestige Estates Projects Ltd. completed three projects totaling 2.8 million square feet in Mumbai, marking the Bengaluru-based realtor's entry into the country's financial capital. 'Extraordinary growth is only achievable through expansion beyond their traditional local markets,' said Gulam Zia, senior executive director, Knight Frank India. 'The pressure from stakeholders to scale is prompting these companies to explore new geographies.' Homes priced above 10 million rupees made up for about half of all residential sales in India in the first half of this year, according to a report by consultant Knight Frank. Delhi National Capital Region led the race with 16,416 units sold, closely followed by Mumbai at 15,270 units. 'Intensifying Competition' The expansion into newer geographies 'is also intensifying competition for prime land parcels, skilled talent, and institutional capital across new geographies,' according to Arvind Nandan, managing director of research and consulting, Savills India. The real test for this cross-country expansion, however, will come when the market cycle turns, Zia said. 'Even the largest real estate developers have had to retreat from wider markets and refocus on their core geographies during downturns,' he said. The company has lined up about seven to eight launches this year across Mumbai, Pune and Bangalore, according to Bindal. 'We enter a city with the confidence that in next three years we will be in the top three players. That's our approach,' said Bindal.
Bloomberg
5 days ago
- Business
- Bloomberg
Realtor Lodha Planning to Enter Delhi With $220 Million Project
Lodha Developers Ltd., India's number two realtor by market value, is planning a residential project in and around New Delhi next year, in signs of an intensifying turf war as it enters industry leader DLF Ltd. 's stronghold. The Mumbai-based developer expects to launch a project with an investment of as much as 19 billion rupees ($220 million) in the year starting April 2026, Prashant Bindal, the firm's chief sales officer said in an interview.
Time of India
18-07-2025
- Business
- Time of India
Stock market update: Nifty Realty index falls 0.11% in a weak market
NEW DELHI: The Nifty Realty index traded negative around 11:30AM(IST)on Friday in a weak market. Raymond Ltd.(up 1.12 per cent), Lodha Developers Ltd.(up 0.66 per cent), Prestige Estates Projects Ltd.(up 0.41 per cent) and Godrej Properties Ltd.(up 0.34 per cent) were among the top gainers. Explore courses from Top Institutes in Select a Course Category Product Management PGDM Others MBA Design Thinking Degree Operations Management Data Science Technology MCA CXO Digital Marketing others healthcare Healthcare Finance Project Management Leadership Management Public Policy Artificial Intelligence Cybersecurity Data Science Skills you'll gain: Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Duration: 40 Weeks IIM Kozhikode Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Product Strategy & Roadmapping User-Centric Product Design Agile Product Development Market Analysis & Product Launch Duration: 24 Weeks Indian School of Business Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Creating Effective Product Roadmap User Research & Translating it to Product Design Key Metrics via Product Analytics Hand-On Projects Using Cutting Edge Tools Duration: 12 Weeks Indian School of Business ISB Product Management Starts on May 14, 2024 Get Details Brigade Enterprises Ltd.(down 1.32 per cent), Anant Raj Ltd.(down 1.14 per cent), Phoenix Mills Ltd.(down 0.64 per cent), Sobha Ltd.(down 0.59 per cent) and DLF Ltd.(down 0.46 per cent) were the top losers on the index. The Nifty Realty index was down 0.11 per cent at 999.95 at the time of writing this report. Benchmark NSE Nifty50 index was down 140.8 points at 24970.65, while the BSE Sensex was down 487.87 points at 81771.37. Live Events Among the 50 stocks in the Nifty index, 12 were trading in the green, while 38 were in the red. Shares of JP Power , Vodafone Idea , RattanIndia Power , PC Jeweller and Alok Industries were among the most traded shares on the NSE. Shares of Garuda Construction , Cupid Ltd , Soma Textiles , NACL Industries and Nuvoco Vistas Corp hit their fresh 52-week highs in today's trade, while Shriram EPC(PP), Pansari Developers, HDB Financial Servic, IL&FS Engg Const and Jindal Worldwide hit fresh 52-week lows in trade.
Time of India
10-07-2025
- Business
- Time of India
Indices: Stock market update: Nifty Realty index advances 0.72%
India 10-year bond yield rose 0.05 per cent to 6.03 after trading in 6.02-6.04 range. The Nifty Realty index closed 0.72 per cent up at 974.7. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads NEW DELHI: The Nifty Realty index closed on a positive note on of Prestige Estates Projects Ltd.(up 2.82 per cent), Lodha Developers Ltd.(up 1.57 per cent), Anant Raj Ltd.(up 1.23 per cent), Sobha Ltd.(up 1.03 per cent) and Oberoi Realty Ltd.(up 0.66 per cent) ended the day as top gainers in the the other hand, Raymond Ltd.(down 0.65 per cent) and Phoenix Mills Ltd.(down 0.6 per cent) finished as the top losers of the Nifty Realty index closed 0.72 per cent up at NSE Nifty50 index ended down 120.85 points at 25355.25, while the BSE Sensex stood down 345.8 points at the 50 stocks in the Nifty index, 11 ended in the green, while 39 closed in the of JP Power PC Jeweller and Sagility India were among the most traded shares on the of Quality Power Electr Prostarm Info System , Lloyds Steels(PP)and Innovana Thinklabs hit their fresh 52-week highs in today's trade, while Mahalaxmi Fabric Mil , TECIL Chemicals, Dreamfolks Services, Anisha Impex and Ola Electric Mobilit hit their fresh 52-week lows.
