Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Lodha Developers Ltd has acquired an 80 per cent stake in Pune-based Solidrise Realty Pvt Ltd for INR 294.07 crore as part of its ongoing expansion strategy. The acquisition, completed through a share purchase agreement, will make Solidrise Realty a subsidiary of Lodha Developers and strengthen the company's presence in the Pune housing market. The Mumbai-based real estate major has been actively expanding its land bank across key cities, recently acquiring five land parcels with an estimated sales value of nearly INR 34,000 crore. Lodha Developers reported a marginal rise in quarterly net profit to INR 956.9 crore in Q3 FY26, supported by higher total income, reflecting steady operational growth.
Lodha Developers Ltd has acquired an 80 per cent equity stake in Pune-based Solidrise Realty Pvt Ltd (SRPL) for INR 294.07 crore, further strengthening its presence in the Pune real estate market. Advertisement
In a regulatory filing on Saturday, the Mumbai-based developer said it has entered into a share purchase agreement to acquire the majority stake in SRPL. Following the transaction, Solidrise Realty will become a subsidiary of Lodha Developers.
SRPL is engaged in the real estate business in Pune, one of Maharashtra's key housing markets. The acquisition aligns with Lodha Developers strategy of expanding its footprint in high-growth urban centres and building a robust pipeline of projects.
Lodha Developers, which markets its projects under the Lodha brand, is among the country's leading real estate companies. It has developed more than 100 million square feet of real estate to date and has a strong presence in the Mumbai Metropolitan Region (MMR), Pune and Bengaluru. The company has also recently entered the Delhi-NCR residential market, broadening its geographic reach.
The acquisition comes at a time when Lodha Developers is actively expanding its land bank. During the October-December quarter of the 2025-26 fiscal year, the company acquired five land parcels across Mumbai, Delhi-NCR and Bengaluru. These projects have an estimated sales value of nearly INR 34,000 crore, reflecting the company's aggressive growth plans.
Lodha Developers typically acquires land through outright purchases as well as by forming partnerships with landowners. This flexible approach enables it to scale operations while managing capital deployment efficiently.
On the financial front, the company recently reported a 1 per cent increase in consolidated net profit to INR 956.9 crore for the third quarter of the current fiscal year, compared with INR 944.4 crore in the corresponding period of the previous year.
Total income rose significantly to INR 4,775.4 crore during the October-December period of 2025-26, up from INR 4,146.6 crore in the year-ago quarter. The rise in income reflects strong sales performance and ongoing project execution across its key markets.
The acquisition of Solidrise Realty is expected to further consolidate Lodha Developers position in Pune, which remains an important residential market driven by IT, manufacturing and education sectors.
With a diversified presence across major metropolitan regions and continued expansion into new markets, Lodha Developers is positioning itself for sustained growth in India's competitive real estate sector.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
