Lodha Developers' Net Debt Rises 15% to Rs 6,170 Crore Amid Land Acquisitions

Lodha Developers Ltd's net debt increased 15% to Rs 6,170 crore in Q3 of the 2025-26 fiscal year, driven by land acquisitions in Mumbai Metropolitan Region, Delhi-NCR, and Bengaluru. The company acquired five land parcels to expand its residential and commercial projects, with an estimated revenue potential of Rs 33,800 crore. Lodha also partnered with MRG Group for projects in Gurugram, marking its entry into Delhi-NCR's real estate market. Despite higher debt, the company remains below its net debt-equity ceiling and aims to increase sales bookings to Rs 21,000 crore this year.