Real estate developer Lodha Developers Ltd is planning to sell 150 acres of land at its data centre park in the Mumbai Metropolitan Region (MMR) over the next 3-4 years for nearly ₹10,000 crore, as part of its asset monetisation strategy, according to a Press Trust of India report on a conference call with market analysts. Managing Director Abhishek Lodha described land monetisation as a planned recurring pillar of business rather than an exceptional item for the company.
Land monetisation at Pallava data centre park
Lodha Developers holds about 660 acres at its data centre park in MMR. Of the first phase of 370 acres, the company has already monetised about 130 acres. It now intends to monetise a further 150 acres over the next 3-4 years, which is expected to generate close to ₹10,000 crore of sales. According to the transcript of the interaction with analysts, Abhishek said:
Of this, the first phase of 370 acres, we have already monetised about 130 acres, and we intend to further monetise about 150 acres over the next 3-4 years, which itself will generate close to ₹10,000 crore of sales.
The company is expecting an average of ₹60 crore per acre from land sales at the data centre park at Pallava in MMR.
Data centre infrastructure and funding
The green data centre park has about 3 gigs of power availability at about US0.08 per unit, 5 fiber optic routes, 5 transmission lines and approval under the Maharashtra Green Integrated Data centre policy, the MD stated.
'The data centre is largely self-funded from land sales inside the same park. It does not add to group leverage, and it does not compete with our DevCo (housing business) for capital in any significant manner,' Abhishek asserted.
Financial performance
Lodha reported its best-ever quarterly profit in April-June 2026-27. Net profit doubled to ₹1,373.1 crore from ₹675 crore in the year-ago period. Total income rose to ₹5,096.7 crore from ₹3,624.7 crore, and PAT margin improved to 26.9 per cent from 18.6 per cent a year ago.
| Metric | Q1 FY27 (April-June 2026) | Q1 FY26 (year-ago) |
|---|---|---|
| Net profit | ₹1,373.1 crore | ₹675 crore |
| Total income | ₹5,096.7 crore | ₹3,624.7 crore |
| PAT margin | 26.9% | 18.6% |
For the full 2025-26 fiscal year, Lodha logged a net profit of ₹3,430.7 crore on total income of ₹17,119.5 crore. In its latest investors' presentation, the company said net profit jumped sixfold to over ₹3,400 crore in the last fiscal year against around ₹500 crore in FY21.
Guidance and outlook
Lodha Developers is targeting 20 per cent annual growth in net profit this fiscal year to ₹4,100 crore, driven by better demand for its housing properties, strong project execution and land monetisation in data centre parks. Sales bookings, or pre-sales, grew 4 per cent year-on-year to ₹4,630 crore during April-June 2026-27. In FY26, the company sold properties worth ₹20,530 crore, up from ₹17,630 crore in 2024-25.
'In terms of the rest of the year, we reaffirm our ₹24,000 crore pre-sales guidance for FY27, and we expect H1 to be 40-42 per cent of the full year,' Abhishek said.
The developer, which has a presence in MMR, Pune and Bengaluru, is planning to launch its first housing project in Delhi-NCR this fiscal year. Lodha builds housing and commercial projects, including offices, malls, warehousing and industrial parks, and data centres.
Abhishek told analysts to assess the company on the basis of 'accounting profit after tax, the numbers that are audited that flow into book value and against which return on equity is actually computed.' He added that operating cash flow is also important because profit and cash together are the true reflection of any business.
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