Lodha Developers Buys 80% Stake in Solidrise Realty for ₹294 Crore, Strengthens Pune Presence

Lodha Developers has taken another strategic step in expanding its footprint in western India by acquiring an 80% stake in Pune-based Solidrise Realty Private Limited for ₹294.07 crore. The transaction, formalized through a Share Purchase Agreement signed on February 14, marks a significant move aimed at reinforcing the company’s presence in Maharashtra’s second-largest city.

Solidrise Realty, incorporated in 2025, will become a subsidiary of Lodha Developers following the completion of the deal, which is expected to close by February 16, 2026. With this acquisition, Lodha is positioning itself to deepen its operations in Pune, a market that continues to witness steady residential and infrastructure growth.

Expanding Regional Influence

Headquartered in Mumbai, Lodha Developers has already established a strong presence across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. The company has also recently made its entry into the Delhi-NCR housing segment. To date, it has developed over 100 million square feet of real estate and markets its projects under the well-known Lodha brand.

The latest acquisition reflects the company’s ongoing strategy of scaling operations through targeted investments in high-growth urban centers.

Q3 Financial Performance

On the financial front, Lodha Developers posted a modest rise in consolidated net profit for the third quarter ended December 31, 2025. Profit after tax increased 1.3% year-on-year to ₹956.9 crore, compared to ₹944.4 crore in the corresponding quarter last year.

Revenue from operations registered a healthy 14.4% jump, reaching ₹4,672 crore during the quarter, up from ₹4,083 crore a year earlier. Total income for the October–December 2025 period stood at ₹4,775.4 crore, compared to ₹4,146.6 crore in the same quarter of the previous fiscal.

EBITDA climbed 8.4% year-on-year to ₹1,415 crore, up from ₹1,305 crore. However, the operating margin slightly moderated to 30.3%, compared with 32% recorded in the corresponding quarter of FY25.

Stock Market Performance

Despite the steady financial performance, Lodha Developers’ shares ended Friday’s session marginally lower, slipping nearly 1%. Over the past three months, the stock has declined by around 12%. The company’s current share price stands at ₹1,053.75.

₹1.3 Lakh Crore Data Centre Commitment in Maharashtra

Beyond residential real estate, Lodha Developers is also making a major push into digital infrastructure. In January, the company signed a fresh agreement with the Maharashtra government to invest an additional ₹1 lakh crore in developing a large-scale data centre park. This follows a ₹30,000 crore Memorandum of Understanding (MoU) signed four months earlier under the state’s Green Integrated Data Centre Park policy.

The new agreement was signed on January 19 at the World Economic Forum in Davos by Abhishek Lodha, Managing Director and CEO of Lodha Developers, in the presence of Maharashtra’s leadership. With the latest commitment, the company’s total pledged investment in the project now stands at ₹1.3 lakh crore.

According to the company, “The proposed data centre park, involving a total investment of ₹1.3 lakh crore, is expected to generate more than 16,000 direct and indirect employment opportunities.”

The ambitious park will have a planned capacity of 2.5 gigawatts and is designed to host several leading domestic and international data centre operators. Lodha Developers will act as the master developer, building core infrastructure to enable multiple players to set up and operate their facilities within the park.

Commenting on the expanded commitment, Abhishek Lodha said, “In addition to our earlier ₹30,000 crore commitment to develop the data centre park, we have now entered into another agreement with the Maharashtra government to invest a further ₹1 lakh crore. Under the leadership of Chief Minister Devendra Fadnavis, the state has achieved new milestones of growth.”