Lodha Developers Ltd plans to launch 21 housing projects by March, targeting an estimated total revenue potential of about Rs 24,000 crore. The company says the launch plan is part of its expansion effort amid strong housing demand.
Across the outlets, Lodha’s reported execution so far in the current fiscal year is modest: it launched one housing project in the Mumbai Metropolitan Region (MMR) during the first quarter, covering about 4 lakh sq ft, with a revenue potential of Rs 330 crore. Management’s investor presentation, as cited by both reports, outlines a larger pipeline for the rest of the fiscal year. Lodha is set to launch seven new projects across MMR, Delhi-NCR, Pune and Bengaluru, and to roll out new phases in 14 existing projects.
The Economic Times further specifies the scope of the pipeline: the new projects would total about 5.9 million sq ft with a combined revenue potential of Rs 9,850 crore, while the added phases would cover about 9.7 million sq ft with Rs 14,210 crore potential. The reports differ mainly in depth, with Business Line focusing on the headline numbers, while The Economic Times also includes recent sales-bookings and profit performance figures.
