Lodha Developers reported a twofold increase in net profit for the first quarter, reaching Rs 1,373 crore. This represents a remarkable 100% year-on-year growth and marks the highest quarterly profit in the company's history.

Sales bookings for the quarter rose four percent to Rs 4,630 crore, while total income also significantly outperformed the comparable quarter from the prior year.

Lodha Developers, which operates under the Lodha brand and is one of India's largest real estate developers by residential sales, expressed confidence in sustaining a 20% compound annual growth rate (CAGR) for long-term profit expansion. The company, listed on Indian stock exchanges as Macrotech Developers, has projects spanning the Mumbai Metropolitan Region, Pune, and London.

The strong quarterly performance underscores continued demand in India's residential real estate sector, where established developers have been gaining market share amid consolidation. The implementation of the Real Estate (Regulation and Development) Act, or RERA, since 2016 has pushed less-capitalised and informal players out of the market, accelerating a shift of homebuyer preference toward larger, trusted brands with stronger execution track records—a trend that has benefited tier-1 developers like Lodha.

India's housing market has been on a multi-year upcycle, supported by rising urban incomes, improved affordability relative to peak levels, and steady demand across both mid-income and premium segments in major metropolitan areas.

Source: Economic Times Markets