Lodha Developers to Achieve ₹24,000 Crore in Housing Sales by Fiscal Year 2027

Lodha Developers Aims to Balance Portfolio with Annuity Business

Bengaluru: Lodha Developers Ltd is planning to register higher residential sales in 2026-27 and build its annuity business to generate more rental income, leading to a balanced portfolio, according to a company executive.

The Mumbai-based firm is targeting ₹24,000 crore of pre-sales from housing projects in the current financial year, compared to bookings of ₹20,530 crore in FY26. Despite falling short of meeting its FY26 pre-sales guidance of ₹21,000 crore due to the impact of the West Asia conflict, Lodha Developers recorded a 16% year-on-year rise in pre-sales.

The company's revenue from operations rose 21% year-on-year to ₹16,676 crore in FY26, compared to ₹13,779.5 crore in the preceding year, on account of sustained sales throughout the year. Net profit also increased by 24% to ₹3,430.7 crore during the year.

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For the January-March quarter, Lodha Developers reported a 9.24% year-on-year jump in net profit to ₹1,008.1 crore. Revenue rose 11% to ₹4,713.5 crore during the period.

Since its public listing in April 2021, the company has achieved both scale and profitability, which is unique among its peers. Delivering consistent profitability will be a continued focus, with the company aiming for a 20% PAT (profit after tax) growth every year in the foreseeable future.

In FY27, Lodha will launch its first projects in Gurugram, where it has already tied up two land parcels for residential development. The developer did around ₹60,000 crore of business development last year, creating a massive pipeline of projects that will be developed and sold in the coming years.

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Lodha Developers is among the top four best-selling developers in the country, along with Prestige Estates Projects Ltd, DLF Ltd, and Godrej Properties Ltd. Even as the residential sector is witnessing some signs of plateauing, most of the top developers continue to achieve robust sales.

The company plans to ramp up its annuity or rental portfolio going forward, largely from office, retail, warehousing, and data centre businesses. The rental income, which stood at ₹300 crore at the end of FY26, is expected to see significant growth to around ₹3,000 crore in six years.

Lodha will sell some of its land at Palava, in the Mumbai Metropolitan Region, and build powered shell buildings of around 1GW capacity for data centres and lease the space to hyperscalers. The land sold will generate cash to support the development of data centre space, while the annuity business will be supported by investments through internal accruals.