Lodha Developers buys 80% stake in Pune-based SRPL for ₹294 crore | Company News

Real estate firm Lodha Developers Ltd has acquired 80 per cent stake in Pune-based Solidrise Realty for Rs 294 million as part of its expansion plan.

Mumbai-based Lodha Developers Ltd is one of the leading real estate companies in the country. It sells properties under the Lodha brand.

In a regulatory filing on Saturday, the company said it has entered into a share purchase agreement to acquire shares in Solidrise Realty Pvt Ltd (SRPL).

Lodha Developers will acquire 80 percent shares of SRPL. The acquisition cost is ₹ 294.07 crore.

SRPL will be a subsidiary of Lodha Developers.

The file stated that SRPL was engaged in real estate business in Pune.

Last month, Lodha Developers reported a 1 per cent increase in its consolidated net profit to ₹956.9 crore in the third quarter of this financial year.

Its net profit stood at ₹944.4 crore in the same period in the previous year.

Total revenue increased to ₹4,775.4 crore in the October-December period of fiscal 2025-26 from ₹4,146.6 crore in the same period in the previous year.

Lodha Developers Ltd acquired 5 land parcels in Mumbai, Delhi-NCR and Bengaluru in the October-December quarter to develop projects with an estimated sales value of around 34,000 crore.

It acquires land parcels through direct purchase, as well as forming partnerships with landowners to create a strong pipeline for future projects.

Lodha Developers has developed more than 100 million square feet of space so far.

Mumbai Metropolitan Region (MMR) has a strong presence in Pune, Bengaluru housing markets. It has recently entered the Delhi-NCR housing market.