Real Estate Developers Acquire Over Rs 1 Lakh Crore Worth of Land

Godrej Properties and Lodha Developers Acquire Over 25 Land Parcels, Signal Strong Housing Demand in India​

Real Estate Majors Expand Land Bank with Rs 1 Lakh Crore Revenue Potential​

New Delhi, March 22
Godrej Properties Ltd and Lodha Developers Ltd are reinforcing their confidence in India’s housing market by aggressively expanding their land banks. Together, the two real estate developers have acquired more than 25 land parcels so far this fiscal year, targeting residential projects with a combined revenue potential exceeding Rs 1 lakh crore.

Lodha Developers Focuses on Key Urban Markets​

According to its investor presentation, Lodha Developers has acquired 11 land parcels during the first nine months of the fiscal year. These acquisitions span major markets including the Mumbai Metropolitan Region, Delhi NCR, Pune, and Bengaluru.

The total estimated saleable area from these parcels stands at 20.6 million square feet, with an expected sales value of Rs 58,800 crore. The company has also recently entered the Delhi NCR housing segment, expanding beyond its core markets of MMR, Pune, and Bengaluru.

Godrej Properties Accelerates Expansion Across Tier I and II Cities​

Godrej Properties is also actively expanding its footprint across tier I and II cities, focusing on group housing and plotted developments. The company has acquired nearly 20 land parcels so far this fiscal year, with an estimated development value of Rs 42,000 crore.

In the first nine months alone, Godrej Properties secured 12 land parcels with a saleable area of 22.36 million square feet and an expected booking value of Rs 24,650 crore. Regulatory filings further show that at least six additional land parcels were acquired in the current quarter, contributing projects worth Rs 17,450 crore.

Acquisition Strategy Includes Partnerships and Outright Purchases​

Both companies are pursuing a dual strategy to strengthen their development pipeline. Land parcels are being acquired through outright purchases as well as partnerships with landowners, ensuring a steady supply of projects for future growth.

Housing Demand Remains Strong Post Pandemic​

The continued expansion comes amid sustained strength in India’s housing market following the Covid pandemic. Demand has remained robust, particularly in the premium, luxury, and ultra luxury segments. Buyers are increasingly gravitating towards larger and well established developers, benefiting companies like Godrej Properties and Lodha Developers.

Sales Performance and Targets Reflect Growth Momentum​

In terms of sales bookings, Godrej Properties reported Rs 24,008 crore during the first nine months of the fiscal year. The company is targeting Rs 32,500 crore in sales bookings for the full year and is on track to remain the top listed real estate developer by pre sales. It had recorded nearly Rs 30,000 crore in pre sales in the previous fiscal year.

Lodha Developers reported sales bookings of Rs 14,640 crore during the April to December period of FY26. The company is aiming to achieve Rs 21,000 crore in bookings this fiscal year, supported by strong demand in ongoing projects and a robust launch pipeline.

In the previous fiscal year, Lodha Developers posted sales bookings of Rs 17,630 crore, up from Rs 14,520 crore in the year before.

Industry Positioning and Project Pipeline​

Godrej Properties continues to focus on key markets such as MMR, Delhi NCR, Pune, Bengaluru, and Hyderabad, while also expanding its plotted development business across multiple states.

Lodha Developers, headquartered in Mumbai, has delivered 110 million square feet of real estate to date and is currently constructing more than 130 million square feet across its ongoing and planned projects.

Alongside peers such as Prestige Estates Projects Ltd, DLF Ltd, and Signature Global Ltd, both companies remain among the top listed real estate developers in India during the current fiscal year, driven by strong demand and an expanding project pipeline.