en.Wedoany.com Reported - Abhishek Lodha, Managing Director of Indian real estate developer Lodha Developers Ltd, said the company plans to sell approximately 150 acres of land in its data center park in the Mumbai Metropolitan Region (MMR) over the next 3 to 4 years. The sale is expected to generate nearly INR 100 billion in revenue, as part of its asset monetization strategy.
In a conference call with market analysts, Abhishek said the company currently holds approximately 660 acres of land in its data center park in the Mumbai Metropolitan Region (MMR). Of this, approximately 130 acres from the first-phase 370-acre parcel have already been monetized, and the company plans to monetize an additional approximately 150 acres over the next 3 to 4 years. The average selling price for plots at the Pallava park in the MMR region is expected to be approximately INR 600 million per acre.
The green data center park has approximately 3 GW of power supply, with electricity tariffs of approximately $0.08 per unit, is equipped with 5 fiber optic routes and 5 transmission lines, and has received approval under the Maharashtra Green Integrated Data Center Policy.
Abhishek said the data center business is largely self-funded through land sales at the park, which will not increase the group's leverage or create significant competition with the company's residential development business (DevCo) in terms of capital deployment.
Lodha is one of India's leading real estate companies, with operations covering the MMR, Pune, and Bangalore markets, and development spanning residential, commercial office buildings, malls, warehousing, industrial parks, and data centers. The company plans to launch its first residential project in Delhi-NCR this fiscal year. Regarding financial and operational assessment, Abhishek said the company should be evaluated based on audited accounting profit after tax, book value, and the return on equity calculated therefrom; operating cash flow is equally important, as profit and cash together reflect the true state of the business.
For the April-June quarter of fiscal year 2026-27, Lodha reported a net profit of INR 13.731 billion, doubling from INR 6.75 billion in the same period last year, marking the company's best-ever quarterly profit. The quarterly profit after tax margin (PAT margin) rose to 26.9% from 18.6% in the same period last year, while total revenue increased from INR 36.247 billion to INR 50.967 billion. In fiscal year 2025-26, the company reported a net profit of INR 34.307 billion and total revenue of INR 171.195 billion; the company stated in its investor presentation that net profit for the previous fiscal year grew six-fold from approximately INR 5 billion in FY21 to over INR 34 billion. Driven by improved demand for residential properties, strong project execution, and land monetization at the data center park, the company has set a net profit target of INR 41 billion for the current fiscal year, representing 20% growth over the previous fiscal year.
On the sales front, sales bookings (pre-sales) for the April-June quarter of fiscal year 2026-27 grew 4% year-on-year to INR 46.3 billion. The company reaffirmed its pre-sales guidance of INR 240 billion for FY27 and expects first-half sales to account for 40% to 42% of the full-year figure. In FY26, Lodha achieved property sales of INR 205.3 billion, up from INR 176.3 billion in fiscal year 2024-25.
