Lodha Developers Ltd has acquired an 80% stake in Pune-based Solidrise Realty Pvt Ltd (SRPL) for Rs 294.07 crore, further consolidating its presence in one of western India’s most active housing markets.
The transaction, executed through a share purchase agreement, will see SRPL become a subsidiary of Lodha upon completion, according to a regulatory filing. The acquisition underscores Lodha’s calibrated expansion strategy across high-demand residential corridors, particularly in markets with strong end-user absorption and infrastructure-led growth. Pune remains one of Maharashtra’s most resilient residential markets, driven by IT employment clusters, educational institutions and improving connectivity to Mumbai via infrastructure upgrades. Lodha already has an established footprint in the Mumbai Metropolitan Region (MMR), Pune and Bengaluru, and recently marked its entry into the Delhi-NCR residential segment. The acquisition of SRPL provides Lodha with an immediate platform to scale operations in Pune without the longer gestation typically associated with land aggregation. The company has consistently followed a dual strategy of outright land purchases and joint development partnerships with landowners, enabling capital-efficient growth while maintaining project pipeline visibility. During the October–December quarter of FY26, Lodha acquired five land parcels across Mumbai, Delhi-NCR and Bengaluru, with a combined estimated gross development value (GDV) of nearly Rs 34,000 crore. The latest Pune acquisition adds further depth to this forward pipeline.
The company has delivered over 100 million sq ft of real estate to date and continues to focus on premium and mid-income housing segments in urban growth corridors. Analysts note that scale, brand equity and execution track record remain critical differentiators in an increasingly consolidated residential market. For the October–December quarter of FY26, Lodha reported a marginal 1% rise in consolidated net profit to Rs 956.9 crore, compared to Rs 944.4 crore in the corresponding period last year. Total income for the quarter rose to Rs 4,775.4 crore from Rs 4,146.6 crore a year earlier, reflecting sustained revenue recognition and healthy collections. The stable earnings trajectory, combined with aggressive land acquisition, suggests that Lodha is positioning itself for sustained growth rather than short-term volume expansion. Industry observers highlight that developers with strong balance sheets are increasingly capitalising on consolidation opportunities in regional markets. India’s residential real estate cycle remains favourable, particularly in core metropolitan regions and high-growth satellite cities like Pune. With infrastructure upgrades, metro expansions and steady end-user demand, developers are moving to secure land and partnerships ahead of the next supply cycle.
The SRPL acquisition aligns with Lodha’s broader strategy of strengthening its geographic diversification while maintaining scale advantages in western and northern India. As consolidation accelerates in the sector, such platform acquisitions are likely to become a recurring theme among large listed developers seeking predictable growth and capital efficiency.
Also Read: India Real Estate 2026: Offices And Logistics Lead
Lodha Expands Western India Footprint Through Pune Acquisition
