Lodha Developers Ltd has acquired an 80 percent stake in Pune-based Solidrise Realty Pvt Ltd (SRPL) for ₹294 crore. The move, announced through a regulatory filing, is part of Lodha’s expansion strategy to strengthen its presence in Pune’s growing real estate market. SRPL will now operate as a subsidiary of Lodha Developers.
Lodha Developers, one of India’s leading real estate firms, has already developed more than 100 million square feet of projects across major cities. The acquisition of SRPL aligns with its strategy to tap into Pune’s strong residential demand and infrastructure growth. Lodha’s leadership emphasized that the deal will enhance its portfolio and create new opportunities for housing development in the region.
The company recently reported a consolidated net profit of ₹956.9 crore in the third quarter of the fiscal year, reflecting steady growth. With this acquisition, Lodha aims to further diversify its footprint beyond Mumbai and Bengaluru, reinforcing its position as a dominant player in India’s real estate sector.
Key Highlights
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Lodha Developers acquires 80 percent stake in SRPL for ₹294 crore
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SRPL becomes a subsidiary of Lodha Developers
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Acquisition strengthens Lodha’s presence in Pune’s real estate market
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Part of Lodha’s broader expansion strategy across India
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Company reported ₹956.9 crore consolidated net profit in Q3 FY26
Analysts note that the acquisition signals Lodha’s confidence in Pune’s housing market and its long-term growth potential. The move is expected to accelerate project launches and contribute to Lodha’s continued leadership in India’s real estate industry.
Sources: Business Standard, Press Trust of India, Hindustan Times