Lodha Developers Commits to Mumbai Slum Redevelopment on 10-Acre Site

Lodha Developers Enters Joint Development Agreement with Sahana Properties and Resorts Pvt Ltd

Key Highlights:

• ₹365 crore joint development agreement with Sahana Properties and Resorts Pvt Ltd and Sahana Builders and Developers Pvt Ltd for 10.26 acres of land in Mumbai's Parel-Sewree area.
• Lodha Developers will construct rehabilitation buildings and build towers for sale on the land, with a total area comprising two main plots and multiple housing societies.
• The project is a proposed slum redevelopment project under the Slum Rehabilitation Authority (SRA).

Market Analysis:

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• Mumbai's real estate market has seen a redevelopment frenzy, with top developers signing projects to redevelop old housing societies and slum pockets.
• Lodha Developers has a significant launch pipeline planned for the ongoing January-March quarter, expected to support its full-year pre-sales guidance of ₹21,000 crore.
• India's top four developers - DLF Ltd, Godrej Properties Ltd, Lodha Developers, and Prestige Estates Projects Ltd - aim to cross ₹1 trillion in residential sales in 2025-26.

Financial Performance:

• Lodha Developers added five new projects in the December-ended quarter with a gross development value (GDV) of ₹33,800 crore across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), and Bengaluru.
• The company reported a 14.4% year-on-year rise in revenue from operations to ₹4,672.5 crore and a 1.36% increase in net profit to ₹957.7 crore in the December quarter.
• Lodha Developers recorded its best-ever quarterly pre-sales or sales bookings of ₹5,620 crore in the third quarter of 2025-26, up 25% from a year ago.