Latest news with #SushilKumarModi
Time of India
19 hours ago
- Business
- Time of India
Lodha Developers to launch Rs 17,000 crore worth housing projects by March next year
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Realty firm Lodha Developers Ltd remains bullish on growth potential in housing market as it plans to launch Rs 17,000 crore worth residential projects by March next to meet consumers 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 Rs 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 Rs 21,000 crore of pre-sales guidance for the current fiscal year," Modi said the company has a huge launch pipeline to meet the target."At the beginning of this fiscal, we had estimated launch of Rs 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 Rs 25,000 crore for the entire 2025-26," Modi company has already launched Rs 8,000 crore worth of housing projects in the first quarter, which means that Rs 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 Lodha Developers clocked a 10 per cent growth in its sales bookings during April-June period of this fiscal year to Rs 4,450 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 on the financial front, Lodha Developers on Saturday reported a 42 per cent increase in consolidated net profit to Rs 675.1 crore for the first quarter of this fiscal net profit stood at Rs 475.9 crore in the year-ago income rose to Rs 3,624.7 crore in the April-June period of the 2025-26 fiscal year from Rs 2,918.3 crore in the corresponding period of the preceding Developers is one of the leading real estate companies in the the 2024-25 fiscal year, the company posted a net profit of Rs 2,766.6 crore on a total income of Rs 1,4169.8 Developers has a strong presence in the residential markets of Mumbai Metropolitan Region (MMR), Pune and 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.
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
Lodha Developers plans to launch ₹17,000 cr worth housing projects in FY26
Mumbai-based real estate company Lodha Developers maintains its bullish stance on housing market growth as it targets launching ₹17,000 crore worth of residential projects by this financial year. Sushil Kumar Modi, Executive Director (Finance), Lodha Developers, told PTI that the Union Budget's income tax relief and reduction in interest rates on home loans will create more demand for residential properties. Modi said, "We remain on track and are therefore confident of achieving ₹21,000 crore in pre-sales guidance for the current fiscal year." The company added five new projects across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, with a gross development value (GDV) of ₹22,700 crore in the first quarter (Q1) of financial year (FY26), as announced in an investor presentation. In Q1 FY26, the real estate firm launched housing projects worth ₹8,000 crore and targets launching ₹25,000 crore worth of real estate projects in the entire FY26, leaving ₹17,000 crore worth of projects to be launched over the next three quarters. Lodha Developers' sales bookings increased by 10 per cent year-on-year (YoY) to ₹4,450 crore during Q1 of this financial year. The company's biggest market for new projects in the FY26 pipeline is MMR (South Central), with an estimated GDV of ₹3,570 crore. The realtor's total estimated GDV for the new projects is ₹13,330 crore in the current FY, as per its investor presentation data. While the total estimated GDV, combining new projects with existing ones, for this FY is ₹17,060 crore. Modi also stated that launches and sales tend to rise during the second half of the financial year due to the Indian festival season. Moreover, Lodha Developers' consolidated profit after tax rose 42 per cent to ₹675.1 crore for the first quarter of FY26. While its total income grew to ₹3,624.7 crore in Q1 FY26, it had reported ₹2,918.3 crore in income during the corresponding period of the previous financial year. In terms of operational performance, the company's collections grew by 7 per cent YoY to ₹2,880 crore in Q1 FY26.
Hindustan Times
a day ago
- Business
- Hindustan Times
Lodha Developers to launch ₹17,000 crore worth housing projects by March next year
New Delhi, Jul 27 (PTI) Realty firm Lodha Developers Ltd remains bullish on growth potential in housing market as it plans to launch ₹17,000 crore worth residential projects by March next to meet consumers demand. Realty firm Lodha Developers Ltd remains bullish on growth potential in housing market. (Photo for representational purposes only)(Pixabay) 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.
Time of India
a day ago
- Business
- Time of India
Lodha Developers to launch Rs 17,000 cr worth housing projects by March next yr
Realty firm Lodha Developers Ltd remains bullish on growth potential in housing market as it plans to launch Rs 17,000 crore worth residential projects by March next to meet consumers demand. 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 . Explore courses from Top Institutes in Please select course: Select a Course Category Operations Management Others CXO PGDM Data Analytics Digital Marketing healthcare Data Science MBA Artificial Intelligence MCA others Healthcare Project Management Cybersecurity Finance Management Data Science Degree Public Policy Product Management Design Thinking Leadership Technology Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details He sounded confident of achieving the target of selling Rs 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 Rs 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. Live Events "At the beginning of this fiscal, we had estimated launch of Rs 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 Rs 25,000 crore for the entire 2025-26," Modi said. The company has already launched Rs 8,000 crore worth of housing projects in the first quarter, which means that Rs 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 Rs 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 Rs 675.1 crore for the first quarter of this fiscal year. Its net profit stood at Rs 475.9 crore in the year-ago period. Total income rose to Rs 3,624.7 crore in the April-June period of the 2025-26 fiscal year from Rs 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 Rs 2,766.6 crore on a total income of Rs 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.
News18
a day ago
- Business
- News18
Lodha Developers to launch Rs 17,000 cr worth housing projects by March next yr
Agency: PTI New Delhi, Jul 27 (PTI) Realty firm Lodha Developers Ltd remains bullish on growth potential in housing market as it plans to launch Rs 17,000 crore worth residential projects by March next to meet consumers demand. 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 Rs 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 Rs 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 Rs 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 Rs 25,000 crore for the entire 2025-26," Modi said. The company has already launched Rs 8,000 crore worth of housing projects in the first quarter, which means that Rs 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 Rs 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 Rs 675.1 crore for the first quarter of this fiscal year. Its net profit stood at Rs 475.9 crore in the year-ago period. Total income rose to Rs 3,624.7 crore in the April-June period of the 2025-26 fiscal year from Rs 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 Rs 2,766.6 crore on a total income of Rs 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. PTI MJH TRB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 27, 2025, 15:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
