Lodha Developers acquires 80% stake in Pune-based Solidrise Realty for ₹294 crore
Lodha Developers Ltd, one of India’s leading real estate companies, said it has acquired 80% stake in Pune-based Solidrise Realty Pvt Ltd (SRPL). ₹294 crore.
In a regulatory filing, the Mumbai-based company said it has entered into a share purchase agreement to acquire 80% stake in Solidrise Realty. acquisition cost ₹294.07 crore.
Following the deal, SRPL will become a subsidiary of Lodha Developers. So far, lodha It has developed more than 100 million square meters of area. It sells properties under the Lodha brand.
The firm has a strong presence in the housing markets of Mumbai Metropolitan Region (MMR), Pune, Bengaluru. It has recently entered the Delhi-NCR housing market.
Lodha Developers reports 1% growth in consolidated net profit ₹956.9 crore in the third quarter of this financial year ending December 31, 2025. Net profit remained in February ₹944.4 crore in the same period of the previous year.
Total revenue increased ₹4,775.4 crore during October-December 2025 ₹4,146.6 crore in the same period of the previous year.
Lodha Developers will invest ₹1 lakh cr in maharashtra
In January, Lodha Developers Signed an initial agreement with the Maharashtra government promising an additional agreement ₹1 lakh crore to build a vast data center park. This follow-up comes just four months after the firm signed the previous Memorandum of Understanding (MoU). ₹30,000 crore for data center development within the state.
On January 19, Lodha Developers Managing Director and CEO Abhishek Lodha signed the MoU with the state government during the World Economic Forum in Davos. This infusion increases the firm’s total financial commitment ₹1.3 lakh crore.
Last September, the developer initially embarked on a project. ₹30,000 crore deal under Maharashtra’s Green Integrated Data Center Park policy. Next ₹The Rs 1 lakh crore deal significantly strengthens the group’s commitment to the economic growth of the state.
“Data center park with total investment amount ₹1.3 lakh crore will create more than 16,000 direct and indirect jobs, the company said.
The park, planned to have a capacity of 2.5 gigawatts, is designed to accommodate a large number of domestic and foreign data center operators. In this ecosystem, Lodha Developers will act as the primary developer by providing the necessary infrastructure to various players who want to set up their own data facilities.
“On and above ₹We committed ₹30,000 crore last year to develop the data center park; We have signed another agreement with the government of Maharashtra to make additional investment. ₹1 lakh crore. The state has already reached greater heights under the leadership of Maharashtra Chief Minister Devendra Fadnavis,” said Abhishek Lodha.
