Mumbai, Jan 18 (NationPress) The real estate company Lodha Developers Limited has unveiled a 15% rise in its net debt for the October-December quarter (Q3 FY26), bringing the total to Rs 6,170 crore. This increase is largely due to the company’s proactive land acquisition strategy aimed at broadening its business operations, as per its key updates provided to the exchanges.

In contrast, the net debt was Rs 5,370 crore as of September 2025.

Despite this uptick, Lodha Developers reassured stakeholders that its net debt remains comfortably within manageable parameters.

“Despite our substantial investments in business expansion over the first three quarters of this fiscal year, our net debt stands at Rs 61.7 billion, significantly below our threshold of 0.5x net debt to equity,” the company stated.

In the December quarter, Lodha secured five land parcels in critical regions, including the Mumbai Metropolitan Region, Delhi-NCR, and Bengaluru.

These acquisitions were executed through both outright purchases and partnerships with landowners.

The Mumbai-based firm intends to primarily develop housing projects on these sites, with a projected total revenue potential of Rs 33,800 crore.

In a significant move last month, Lodha Developers formed a partnership with MRG Group to launch two projects in Gurugram, marking its entry into the Delhi-NCR housing and commercial real estate markets.

The company is also advancing a warehousing project in the area and maintains a robust presence in residential markets across Mumbai, Pune, and Bengaluru.

Sales bookings have also seen a favorable increase; last fiscal year, Lodha’s sales bookings surged to Rs 17,630 crore, up from Rs 14,520 crore the previous year.

For the current fiscal year, the company has set an ambitious sales bookings target of Rs 21,000 crore.

Since its inception, Lodha Developers has successfully delivered 110 million square feet of real estate and is actively developing over 130 million square feet across various ongoing and planned projects.