The record
Written from the 1 report below. Nothing here is unsourced.
- Lodha Developers plans to sell 150 acres of land at its data centre park in the Mumbai Metropolitan Region over the next 3-4 years, expecting nearly ₹10,000 crore in sales at an average of ₹60 crore per acre.
- The company holds about 660 acres at the park and has already monetised 130 acres of the first phase.
- Management said the data centre business is largely self-funded through land sales within the park and does not add to group leverage.
- The company has also reaffirmed its ₹24,000 crore pre-sales guidance for FY27 and targets 20 per cent annual growth in net profit to ₹4,100 crore.
What to watch next
- Progress of the 150-acre land sales and whether the ~₹60 crore per acre pricing holds
- Whether Lodha meets its ₹24,000 crore pre-sales guidance, with H1 expected at 40-42 per cent of the full year
- Planned launch of its first housing project in Delhi-NCR this fiscal year
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Named India · Mumbai Metropolitan Region · Pallava · Abhishek Lodha · Lodha Developers Ltd
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