What Lodha Developers does

Lodha Developers (Macrotech Developers Ltd) is India's largest listed real estate developer by sales, founded in 1980 and listed on Indian stock exchanges (NSE/BSE: LODHA) since 2021. The company develops premium residential, commercial, industrial/logistics, and data centre properties across India's major metropolitan regions — Mumbai Metropolitan Region, Pune, Bengaluru, Delhi-NCR, and Chennai — with one international luxury project in London (No.1 Grosvenor Square). Lodha has delivered approximately 110 million sq ft and has 130 million sq ft under development across 40+ residential, commercial, and industrial projects, anchored by Palava City, described as the world's largest privately developed city at 4,500 acres. The workforce stood at 25,986 per the FY26 BRSR filing.

The underlying technology and infrastructure includes a 660-acre Green Data Centre Park at Palava with 3GW power capacity and five fibre-optic routes at among the lowest global power costs (~Rs 6/unit); IGBC Platinum pre-certified industrial and logistics parks at Palava (800 acres), Oragadam (Chennai), Faridabad (Delhi NCR), and Kurla (in-city); and integrated township planning. Lodha achieved carbon neutrality in operations from March 2024, reporting an 85% reduction in Scope 1 and 2 emissions since FY22 and 78.7% renewable energy share per FY26 BRSR. The company monetises hyperscale data centre demand through direct land sales (anchor tenants AWS, STT Global Data Centres/Temasek, Digital Edge India/NIIF) and a planned powered-shell data centre leasing programme targeted at 1 GW capacity, alongside industrial/logistics lease rentals from marquee tenants including Skechers, Tesla, Delhivery, DHL, DB Schenker, FM Logistics, NewCold, Flyjac Logistics, and Aditya Birla Group.

Lodha's business model combines one-time residential property sales — FY26 pre-sales of Rs 20,530 crore, up 16% YoY, with FY27 guidance of Rs 24,000 crore — with a growing annuity income stream from industrial, commercial, and data centre leasing projected to grow from Rs 300 crore in FY26 to Rs 3,000 crore annually by FY32. Pricing is quote-based across affordable to super-luxury segments; distribution relies on direct field sales at project sites, broker networks, and the corporate website (lodhagroup.com), while data centre and industrial deals are negotiated directly with hyperscale and enterprise tenants. FY26 consolidated revenue stood at Rs 16,676 crore with PAT of Rs 3,421.50 crore (24% YoY growth, 20% PAT margin) and net debt-to-equity of 0.2x. Q1 FY27 PAT more than doubled YoY to Rs 1,373 crore on revenue of Rs 4,996.7 crore (+43.1% YoY), and 18 of 20 tracked analysts rate the stock Buy with Morgan Stanley recently upgrading.

Name

Lodha Developers

Legal name

Macrotech Developers Limited

Website

https://lodhagroup.in

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Lodha Developers (Macrotech Developers Ltd) is India's largest listed real estate developer by sales, delivering premium residential projects across MMR, Pune, Bengaluru, Delhi-NCR, and London, plus IGBC Platinum industrial parks and a 660-acre green data centre park at Palava serving hyperscalers.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Land Subdivision (23721), Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD), Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Residential real estate development
• Commercial property leasing
• Industrial logistics parks
• Data centre infrastructure
• Integrated townships

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Residential Property Sales: Core revenue driver. Sale of premium, luxury, and super-luxury residential units across MMR, Pune, Bengaluru, and new Delhi-NCR market. FY26 pre-sales of Rs 20,530 crore, up 16% YoY. FY27 guidance of Rs 24,000 crore pre-sales.
2. Data Centre Land Monetisation: Sale of land parcels at Green Data Centre Park in Palava to hyperscalers. Already sold approximately 132 acres to AWS and STT Data Centres; 30 acres sold to Digital Edge India at over Rs 42 crore per acre. Targeting Rs 9,000-10,000 crore from 150 acres over 3-4 years at Rs 60 crore per acre.
3. Data Centre Powered-Shell Leasing (Annuity Income): Building and leasing powered-shell data centre capacity to generate recurring rental income. Projected to grow from Rs 300 crore in FY26 to Rs 3,000 crore annually by FY32. Target to develop 1 GW of powered-shell data centre capacity from land sale proceeds.
4. Industrial & Logistics Park Leasing: Lease of industrial plots, suburban warehousing, and in-city logistics facilities across LIP Palava (800 acres), LLP Kurla (8+ acres), LIP Oragadam (Chennai), and LIP Faridabad (Delhi NCR). IGBC Platinum certified facilities leased to manufacturing, e-commerce, and logistics operators.
5. Commercial Office & Retail Leasing: Commercial office spaces (Lodha Excelus, Lodha Supremus, One Lodha Place) and retail (Lodha Signet) leased to corporate and retail tenants. Part of growing annuity income strategy alongside data centre leasing.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Lodha Developers is India's leading real estate developer, fundamentally building and selling premium residential, commercial, and industrial properties. Its core offerings include luxury and affordable-to-super-luxury residential apartments across MMR, Pune, Bengaluru, Delhi-NCR and London, Grade-A commercial office and retail spaces, IGBC Platinum-certified industrial and logistics parks, and a 660-acre Green Integrated Data Centre Park at Palava hosting hyperscale tenants. Primary revenue drivers are one-time residential property sales plus a growing annuity income stream from data centre powered-shell leasing, industrial/logistics rentals, and commercial leasing.

Product overview

Lodha Developers is India's leading real estate developer offering a diversified portfolio across residential, commercial, industrial/warehousing, and data centre segments. The core offerings include premium residential properties across Mumbai, Pune, Bangalore, and London; commercial office and retail spaces; Lodha Industrial Park (LIP) for manufacturing and logistics with IGBC Platinum-certified sustainable warehouses; and the Green Data Centre Park for hyperscale data centre operations. The company also develops integrated townships through Palava City and provides signature hospitality services for residential communities. This multi-segment approach combines residential development as the primary revenue driver with industrial parks and data centres as growth accelerators.

Differentiator

Problem solved

Functional benefit

Brands

• Lodha Industrial Park (LIP): Industrial and warehousing parks across Mumbai, Chennai, and Faridabad offering Grade-A logistics infrastructure, IGBC Platinum certified facilities, and sustainable industrial solutions for manufacturing and warehousing needs.
• Lodha Logistics Park (LLP)
• Palava City
• Green Data Centre Park
• Signature Hospitality

Products and services

• Residential Properties Premium, luxury and super-luxury residential apartments, villas and mixed-use developments across MMR, Pune, Bengaluru, Delhi-NCR and London, delivered under Lodha's "world's finest developments" promise and supported by Signature Hospitality.
• Commercial Properties Grade-A office and retail spaces leased to corporate and retail tenants, marketed as part of Lodha's growing annuity income portfolio alongside data centre leasing.
• Lodha Industrial Park (LIP) IGBC Platinum-certified industrial and warehousing parks at Palava (800 acres), Oragadam and Faridabad, providing Grade-A industrial plots, suburban warehousing, EV charging, solar power and rainwater harvesting for manufacturing, 3PL, e-commerce and cold storage tenants.
• Palava City Integrated township development near Mumbai spanning residential, commercial, educational and recreational infrastructure, described as the largest privately developed city in the world and the operational anchor for Lodha's Industrial Park and Data Centre Park.
• Green Data Centre Park 660-acre Green Integrated Data Centre Park at Palava with 3GW power capacity and five fibre-optic routes, hosting hyperscale data centre operations for anchor tenants AWS, STT Global Data Centres and Digital Edge, plus planned powered-shell build-to-suit leasing.
• Lodha Lifesciences Hub Specialized commercial facility in Palava catering to pharmaceutical and biotech companies with compliant laboratory and research spaces.

Quantifiable outcome

• Record Q1 FY27 PAT of Rs 1,373 crore, more than doubled YoY
• +7 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered flagship, core, minor and major.

• Digital Edge (India) - JV with NIIFflagshipStrategic or Co-development Partner · 2 July 2026Digital Edge (India), backed by National Investment and Infrastructure Fund (NIIF), acquired 30 acres at Lodha's Palava Green Integrated Data Centre Park for Rs 1,000 crore to develop 270 MW hyperscale campus - its second in India after Airoli facility.
• STT Global Data Centres (Temasek)flagshipStrategic or Co-development Partner · 20 September 2025STT (a Temasek company) acquired 24.34 acres at Palava for approximately Rs 500 crore as anchor hyperscale data centre tenant. Part of 370-acre MoU for green data centre park.
• Maharashtra GovernmentcoreStrategic or Co-development Partner · 11 September 2025MoU signed September 11, 2025 for developing a Green Integrated Data Centre Park in Palava (MMR) with proposed 2 GW capacity and Rs 30,000 crore investment commitment. Lodha serves as master developer under Maharashtra's Green Integrated Data Centre Parks policy.
• Amazon Web Services (AWS)flagshipStrategic or Co-development Partner · 11 September 2025AWS is an anchor tenant at Palava Green Data Centre Park. Has acquired land parcels from Lodha for hyperscale data centre infrastructure development.
• Rocky Mountain Institute (RMI)minorStrategic or Co-development PartnerLodha partnered with Rocky Mountain Institute for sustainable development planning at its industrial parks, working towards zero-carbon operations by 2035.
• Savvy GreensminorStrategic or Co-development PartnerPartner for sustainable development initiatives at IGBC Platinum pre-certified industrial parks.
• SkechersmajorStrategic or Co-development PartnerStrategic partnership to develop 1.1 million sq ft distribution facility at LIP Palava, including India's tallest warehouse. Skechers' National Distribution Center enables 60,000 units/day shipping capacity.

Scale indicators24 records

Recent moves7 records

Expansion highlights8 records

Emerging players

• Anant Raj Limited: Listed Indian real estate developer with a significant data centre real estate vertical, including partnerships with global hyperscalers. Comparable for monetizing land into data centre campuses at hyperscale.

Broad incumbents

• Mahindra Lifespace Developers Limited: Listed residential developer focused on premium and mid-income housing across MMR, Pune, Bengaluru, and Chennai. Part of Mahindra Group — broad incumbent in Indian residential real estate with ESG emphasis.
• Embassy Group: Major Indian commercial real estate developer and operator with industrial/logistics parks (Embassy Industrial Parks, formerly with Warburg Pincus). Comparable for industrial park operations and JV financing models.

Direct peers

• Oberoi Realty Limited: Mumbai-focused premium and luxury residential developer with commercial leasing operations. Most directly comparable in luxury Mumbai positioning and end-customer segment overlap.
• IndoSpace: India's largest Grade-A industrial and logistics real estate developer backed by real estate-focused private equity. Directly comparable for industrial park development; prominent LIP Palava tenant (FM Logistics) previously worked here.
• Brigade Enterprises Limited: Bengaluru-headquartered developer covering residential, commercial, hospitality, and warehousing. Comparable in South India residential scale and listed developer profile.
• Godrej Properties Limited: Major pan-India residential developer with strong brand and Bangalore/Mumbai/NCR presence. Closely comparable in residential pre-sales scale, geographic spread, and listed developer profile.
• DLF Limited: India's largest listed real estate developer by sales and market cap; operates across residential, commercial, and retail across major Indian cities. Most direct comparable for Lodha at scale and segment mix.
• Prestige Estates Projects Limited: Leading South India-focused developer with residential, commercial, retail, and hospitality portfolio. Comparable in integrated townships (e.g., Prestige City), listed status, and pan-India expansion.
• Sobha Limited: Listed developer with backward-integrated construction model and residential projects across South India and NCR. Comparable for residential delivery scale and capital-efficient operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/thelodhagroup
• LinkedInlinkedin.com/company/lodhagroup
• Instagraminstagram.com/lodha

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lodha Developers