Lodha Developers Ltd

Lodha Developers Ltd. posted a robust net profit of Rs. 957 crore in the third quarter, reflecting strong sales momentum, operational efficiency, and favorable market conditions in India’s real estate sector. The company benefited from consistent demand across residential and commercial segments, strategic project launches, and disciplined cost management. Revenue growth was supported by higher collections from ongoing projects and premium developments.

Lodha Developers Ltd has been directed by the Supreme Court to deposit Rs 520.80 crore as a security measure linked to ongoing legal proceedings involving its recent acquisition of V Hotels Ltd (VHL) through insolvency. The case stems from allegations tied to transactions routed via VHL prior to the commencement of the Corporate Insolvency Resolution Process (CIRP), initiated by the Enforcement Directorate against VHL’s former promoters. Lodha has expressed confidence that the Supreme Court will expedite hearings and release the deposit soon.

In a strategic resolution to a prolonged trademark conflict, Abhishek Lodha-led Macrotech Developers Ltd has officially rebranded itself as Lodha Developers Ltd, following approval from the Registrar of Companies. The move comes two months after a family-mediated settlement with Abhinandan Lodha, head of the House of Abhinandan Lodha (HoABL). As part of the agreement, both brothers now hold exclusive rights to their respective brands and have relinquished all claims against one another.