Mumbai-based real estate major Lodha Developers has announced aggressive expansion plans, aiming to double its market share across India’s top three property markets, Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, by the end of the decade. As per the company’s Q1FY26 investor presentation, Lodha expects its market share in MMR to grow from the current 10% to 20%, while in Pune it is projected to rise to 15% from 5%, and in Bengaluru from 2% to 12%.
The update was shared alongside the company’s financial results for the first quarter of FY26, in which Lodha posted a 10% year-on-year increase in sales bookings to ₹4,450 crore. Total income for the quarter stood at ₹3,624.7 crore, a significant rise from ₹2,918.3 crore during the same period last year. With a portfolio that includes 110 million sq ft of completed projects and over 130 million sq ft under ongoing and planned development, Lodha is positioning itself as a pan-India leader in real estate.
The company’s strategy reflects a broader trend of consolidation in India’s real estate sector, where a few large players are increasing their dominance in major urban markets. Lodha’s success in MMR has given it a strong base, and its foray into Pune and Bengaluru over recent years has met with encouraging response. Building on this momentum, the company now plans to establish a presence in the Delhi-NCR region as well.
In a post-results earnings call held on July 28, Managing Director and CEO Abhishek Lodha said the company expects to finalise one or more land deals in Delhi-NCR during the current fiscal. The first residential project launch in the region is targeted for the next financial year, with the initial entry taking place in the form of a pilot phase. The company intends to begin with a limited number of projects and moderate investment to test the market dynamics before scaling up operations.
Abhishek Lodha emphasised that the Delhi-NCR region holds long-term strategic importance for the company, but the entry will be gradual and measured. Similar to its approach in Pune and Bengaluru, Lodha plans to first build its supply chain, understand consumer preferences, and optimise its sales network before committing to large-scale development in NCR.
The expansion comes at a time when India’s real estate sector is witnessing a revival on the back of strong end-user demand, stable interest rates, and improved infrastructure across Tier 1 cities. Lodha’s move aligns with its ambition to be a dominant national player with a presence in all key growth markets.
As it eyes a broader footprint, the company is also focusing on capital efficiency and delivery discipline, two key parameters that have allowed it to maintain investor confidence even during periods of market uncertainty. Its latest performance underscores this discipline, with steady revenue growth and new project launches helping drive bookings.
With its existing scale, proven execution, and brand recognition, Lodha Developers appears well-positioned to achieve its growth goals by 2030. The company’s upcoming entry into NCR, combined with deepening presence in MMR, Pune, and Bengaluru, signals a new phase of ambition and competitiveness in India’s evolving real estate landscape.
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