Lodha Developers Eyes a Strategic Entry into Delhi-NCR Housing Market

Lodha Developers Ltd is set to enter the Delhi-NCR housing market by acquiring land this fiscal year. Focused on understanding the market, the company plans to start with pilot projects, gradually building a team for effective execution, following significant growth and presence in other key regions.

Lodha Developers Ltd has announced plans to enter the competitive Delhi-NCR housing market, as outlined by MD and CEO Abhishek Lodha. The company aims to acquire land within this fiscal year to establish its first residential property in the region.

Currently strong in markets like Mumbai, Pune, and Bengaluru, Lodha Developers plans to implement a gradual approach similar to their successful strategies in other cities. The company intends to initiate a pilot phase with strategic investments and moderate project numbers to better grasp the market dynamics and streamline supply chain operations.

Financially, the Mumbai-based developer has reported robust growth, with a 42% increase in its consolidated net profit for the current fiscal's first quarter. Lodha Developers remains committed to expanding its portfolio as a leading player in India's real estate sector.

(With inputs from agencies.)