Lodha Developers has reported its highest-ever quarterly pre-sales, underlining continued strength in India’s residential property market despite a more cautious economic backdrop.
In the third quarter of FY26, the Mumbai-based developer recorded pre-sales of ₹5,620 crore, a 23% increase from the previous quarter and 25% higher than the same period last year. The company attributed the growth largely to steady demand across its ongoing residential projects.
In a regulatory filing, Lodha said the momentum is expected to continue, supported by a strong pipeline of new launches planned for the final quarter of the financial year. The developer reiterated its full-year pre-sales guidance of ₹21,000 crore, signalling confidence in sustaining sales volumes amid resilient end-user demand.
Collections during the quarter stood at ₹3,560 crore, a decline of 17% year-on-year. The company said the fall reflected a high base in the year-ago period, which had benefited from one-off inflows linked to large land and commercial office transactions. Lodha expects collections to rise meaningfully in the coming quarters as recently sold inventory progresses through construction milestones.
The company’s balance sheet remained stable, with net debt at ₹6,170 crore, well within its internal ceiling of 0.5 times net debt-to-equity. Management has repeatedly highlighted deleveraging and disciplined capital allocation as key priorities.
On the expansion front, Lodha added five new projects during the quarter, with a combined gross development value (GDV) of ₹33,800 crore. These projects are spread across the Mumbai Metropolitan Region, the National Capital Region and Bengaluru.
With these additions, cumulative business development in the first nine months of FY26 reached ₹58,800 crore — more than double the company’s full-year guidance of ₹25,000 crore. Lodha has also begun a pilot entry into the NCR market through two joint development projects.
The company said its expanding project pipeline improves visibility of future growth and is likely to support stronger profitability from upcoming developments.
