Lodha Developers to launch ₹17,000 crore worth housing projects by March next year
In an interview with PTI, the company's Executive Director ( Finance) Sushil Kumar Modi noted that the high demand for residential properties, being seen post-Covid pandemic, would not only sustain but grow further, driven by the country's economic growth, income tax relief in the Budget and reduction in interest rates on home loans.
He sounded confident of achieving the target of selling ₹21,000 crore worth of properties in the current fiscal year, a 19 per cent increase from the preceding year.
"We remain in track and are thereby remain confident of achieving ₹21,000 crore of pre-sales guidance for the current fiscal year," Modi said.
He said the company has a huge launch pipeline to meet the target.
"At the beginning of this fiscal, we had estimated launch of ₹18,000 crore worth projects but with an acquisition of five land parcels in June quarter, we now have clear visibility of launches at about ₹25,000 crore for the entire 2025-26," Modi said.
The company has already launched ₹8,000 crore worth of housing projects in the first quarter, which means that ₹17,000 crore worth of homes will be offered for sales in the remaining three quarters of this fiscal.
"Strong launch pipeline combined with interest rate reduction on home loans and income tax relief will provide significant amount of tailwainds for our business and help achieve the pre-sales target," Modi said.
Already, Lodha Developers clocked a 10 per cent growth in its sales bookings during April-June period of this fiscal year to ₹4,450 crore.
In Indian real estate, Modi mentioned that the launches and sales are skewed towards the second half of the fiscal year because of festival season, which generates an additional demand.
Meanwhile on the financial front, Lodha Developers on Saturday reported a 42 per cent increase in consolidated net profit to ₹675.1 crore for the first quarter of this fiscal year.
Its net profit stood at ₹475.9 crore in the year-ago period.
Total income rose to ₹3,624.7 crore in the April-June period of the 2025-26 fiscal year from ₹2,918.3 crore in the corresponding period of the preceding year.
Lodha Developers is one of the leading real estate companies in the country.
During the 2024-25 fiscal year, the company posted a net profit of ₹2,766.6 crore on a total income of ₹1,4169.8 crore.
Lodha Developers has a strong presence in the residential markets of Mumbai Metropolitan Region (MMR), Pune and Bengaluru.
The company has delivered 110 million sq ft of real estate and is 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
Economic Times
6 minutes ago
- Economic Times
Earnings biggest overhang on the market, don't chase recent outperformers: Jimeet Modi
Agencies Multi-Asset Allocation Funds offer a structured and efficient way to achieve this. They provide a disciplined approach to diversification and help retail investors build long-term risk-adjusted wealth. While singling out earnings as the biggest overhang on the market right now, Jimeet Modi, Founder & CEO, SAMCO Group, said valuations have run ahead of reality. "One key mistake retail investors are making today is chasing recent outperformers in the mid- and small-cap space, driven by recency bias. This often leads to overexposure and heightened portfolio risk,' Modi said. Edited excerpts from a chat: The market seems to be in a consolidation mode with downward bias. Is earnings the biggest headache for the market right now? Yes, earnings are clearly the biggest overhang on the market right now. Valuations have run ahead of reality, and with global liquidity tight, investors are no longer rewarding potential — they want performance. The market's downward bias reflects this disappointment. Growth in a few sectors isn't enough to offset weak commentary in IT, realty, and global-facing names. The market is consolidating because it's waiting for clarity and earnings are the filter. This is not panic, it's accountability. For investors, this is the time to separate hype from fundamentals. Stay focused on quality, execution, and margin trends. In markets like these, discipline is your edge, and patience, your biggest is your reading of the Q1 earnings season so far? Why do you think that the recovery that was expected in Q1 is gradually being pushed to Q2? The earnings of Q1 FY26 were underwhelming versus expectations. Sectors like BFSI, auto, and capital goods have shown resilience, broader earnings lacked momentum. The recovery expected in Q1 is now deferred to Q2—not due to structural weakness, but timing pressures played their part. Global demand remains soft, hitting export-oriented sectors like IT, pharma, and textiles. Geopolitical tensions and policy uncertainty dampened capital flows and margin stability across segments signals underlying resilience. As festive demand, inventory normalization, and capex revival take shape, Q2 could bring better visibility. For now, the market is seeking evidence before rewarding growth again. Do you think that earnings are likely to see strong recovery from H2 onwards, given festive demand, impact of rate cuts, tax relief and low base effect? Earnings are likely to see a meaningful recovery in H2, driven by multiple supportive factors. The festive season should boost consumer demand across discretionary and FMCG segments. Additionally, the anticipated rate cuts and recently announced tax relief measures are expected to improve consumption and corporate margins. A favorable base effect from last year's subdued performance is likely to further enhance year-on-year growth visibility. Overall, the macro tailwinds and improved sentiment create a strong setup for earnings momentum to accelerate in the second half of the fiscal year. If you had Rs 10 lakh to invest in the market right now, how would you spread it across gold/silver, equities and debt? Asset allocation drives long-term returns more effectively than stock picking. With ₹10 lakh to invest, a 60-25-15 strategy balances growth and stability. I'd allocate 60% to equities - split into 30% large caps for valuation comfort and defensive strength, 15% mid-caps and 15% small caps to capture high-growth potential. Large caps offer resilience amid inflation and rate cycles. 25% in debt mutual funds cushions volatility, given its low correlation with equities. The remaining 15% goes to precious metals—10% silver and 5% gold—based on silver's industrial demand and a favorable gold-silver ratio. The IT sector has been the biggest loser in 2025 and many stocks are now facing their worst phase since the 2008 crisis. Do you think that more pain is in the offing or valuations have become cheaper now? The Indian IT sector faced a tough first half of 2025, with the Nifty IT index down 24% YTD and its P/E at 25.5x, just above its ten-year average of 24x. Early Q1 earnings held up, but weak US tech budgets and new tariffs cloud the near-term outlook. Industry wide, we expect decent revenue growth in the future, yet stagnant share prices could drive P/Es lower. Still, India's IT firms benefit from lower operating costs and a large, skilled workforce. These structural advantages should support a gradual recovery in H2 2025, making current levels a selective entry point for long-term investors in top-quality IT names. The recovery that we saw in small caps petered out in July, along with selling pressure in blue chips. At a broader segment level, do you think smallcaps are giving buy signals once again? Q4 FY25 earnings came in below expectations, with broad-based profit pressures across the segment. This reinforces the need for caution, even as valuations have moderated post the July correction. The recent dip has reset market expectations, creating a more favourable entry point for sound companies. With India's structural growth drivers intact and domestic liquidity remaining robust, smallcaps could see improved traction in H2 FY26. While near-term volatility and external headwinds may persist, this phase offers a window to gradually accumulate quality businesses with resilient models and clear earnings visibility. What's the one big mistake you think retail investors are making right now and one contrarian idea you'd back for the next 12 months? Diversification into non correlated assets is the best approach. One key mistake retail investors are making today is chasing recent outperformers in the mid- and small-cap space, driven by recency bias. This often leads to overexposure and heightened portfolio risk. A contrarian idea I would back for the next 12 months is to diversify meaningfully across non-correlated assets such as debt, gold, silver, or even U.S. equities to manage volatility and preserve capital. Multi-Asset Allocation Funds offer a structured and efficient way to achieve this. They provide a disciplined approach to diversification and help retail investors build long-term risk-adjusted wealth.
Hans India
8 minutes ago
- Hans India
RBI waiting for post-US tariff cues
Mumbai: Reserve Bank Governor Sanjay Malhotra will announce the third bi-monthly monetary policy of this fiscal on Wednesday amid expectations of pause on interest rate after three consecutive reduction totalling 100 basis points. Malhotra will announce the resolution of the Monetary Policy Committee (MPC) at 10 am. The six-member panel, headed by Malhotra, started the three-day deliberation on the monetary policy on Monday. Experts are of the opinion that the Reserve Bank of India (RBI) may go in for a status quo this time and wait for more macro data after the announcement by the US to impose 25 per cent tariff on Indian imports beginning August 7. However, a section of industry players do hope for a 25 basis points rate cut on Wednesday. Vivek Iyer, partner and financial services risk leader, Grant Thornton Bharat, opined that the RBI's MPC meeting will see no rate cut and cited reasons for it. He said the external environment continues to be too volatile and uncertain and there needs to be some more time for the monetary transmission to take effect. 'The tariff uncertainty we believe was taken into account in the earlier rate cut. Hence, we don't believe that the tariff situation should substantially weigh in on the RBI decision,' Iyer said. Praveen Sharma, CEO, REA India ( said that with the RBI having already frontloaded a 100 basis point rate cut this year, the MPC is expected to maintain the status quo in the upcoming policy announcement. 'While a lower interest rate environment is always a positive, today's homebuyers are increasingly driven by long-term confidence rather than short-term rate fluctuations. On their part, developers are sustaining momentum by offering flexible payment plans and smart incentives that ease the financial burden and enhance buyer affordability,' Sharma said. The central bank has been tasked by the government to ensure that consumer price index (CPI) based retail inflation remains at 4 per cent with a margin of 2 per cent on the either side. Based on the recommendation of the MPC, the RBI reduced the repo rate by 25 bps each in February and April, and 50 basis points in June amidst easing retail inflation.
The Hindu
8 minutes ago
- The Hindu
"I don't know anything about it": Trump on U.S. imports of Russian chemicals and fertilizers
U.S. President Donald Trump on Tuesday (August 5, 2025) stated that he had no knowledge that the United States imports Russian Chemicals and fertilizers. The rebuttal came after India claimed that U.S. continues to import from Russia uranium hexafluoride for its nuclear industry, fertilisers, as well as chemicals. When asked by the ANI about U.S. Imports of Russian chemicals and fertilizers during a press conference at the White House, Mr. Trump said, 'I don't know anything about it. We will have to check.' ANI has reached out to the President's press team and awaits for a response. The comment came a day after the U.S. President announced that the United States would 'substantially raise' tariffs on India over its purchase of Russian oil. 'India is not only buying massive amounts of Russian Oil, they are then, for much of the oil purchased, selling it on the open market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the U.S.A. Thank you for your attention to this matter!!!' Mr. Trump had said in a post on Truth Social on Monday (August 4, 2025). The U.S. President's statement was strongly rejected by India, with the Ministry of External Affairs calling the targeting of India 'unjustified and unreasonable.' In a detailed response, India said its imports from Russia were based on market needs and energy security, especially after Western nations diverted traditional supplies to Europe following the Ukraine conflict. 'In fact, India began importing from Russia because traditional supplies were diverted to Europe after the outbreak of the conflict. The United States at that time actively encouraged such imports by India for strengthening global energy markets stability. India's imports are meant to ensure predictable and affordable energy costs to the Indian consumer. They are a necessity compelled by global market situation. However, it is revealing that the very nations criticizing India are themselves indulging in trade with Russia. Unlike our case, such trade is not even a vital national compulsion,' the statement noted. The government also pointed to continued trade between Russia and both the United States and the European Union. 'Where the United States is concerned, it continues to import from Russia uranium hexafluoride for its nuclear industry, palladium for its EV industry, fertilisers, as well as chemicals. In this background, the targeting of India is unjustified and unreasonable. Like any major economy, India will take all necessary measures to safeguard its national interests and economic security,' the MEA statement said.
