Lodha Group records highest ever quarterly sales
Real Estate

Lodha Group records highest ever quarterly sales

Realty major Lodha Group has reported the highest-ever quarter bookings of over Rs 2,500 crore in the quarter ended 31 December 2021, led by heavy demand in the mid-income and affordable segment.

The group noted revved-up demand for its luxury and premium homes, which clocked bookings of approximately Rs 1,000 crore in this segment. The company's mid-income and affordable business witnessed bookings of about Rs 1,500 crore in the quarter.

Lodha Group said the premium and luxury category saw a significant increase in interest, with the walk-ins at Lodha Luxury properties rising 20% higher than the pre-Covid levels. Consumers have shown a distinct inclination towards ready homes, said the company.

Increased demand for larger homes with the prevalent work-from-home culture, has also been witnessed by the company, wherein units with decks and gardens emerged as the best-performing segment.

The country's real estate sector hinted at recovery in the third quarter of fiscal 2021, led by low home loan interest rates, festive demand, discount offers from developers, and reduced stamp duty in various states.

Also read: Industry reacts with enthusiasm at Maha premium cut

Image Source


4th Indian Cement Review Conference 2021

4th Indian Cement Review Conference 2021

17-18 March 

Click for event info

Realty major Lodha Group has reported the highest-ever quarter bookings of over Rs 2,500 crore in the quarter ended 31 December 2021, led by heavy demand in the mid-income and affordable segment. The group noted revved-up demand for its luxury and premium homes, which clocked bookings of approximately Rs 1,000 crore in this segment. The company's mid-income and affordable business witnessed bookings of about Rs 1,500 crore in the quarter. Lodha Group said the premium and luxury category saw a significant increase in interest, with the walk-ins at Lodha Luxury properties rising 20% higher than the pre-Covid levels. Consumers have shown a distinct inclination towards ready homes, said the company. Increased demand for larger homes with the prevalent work-from-home culture, has also been witnessed by the company, wherein units with decks and gardens emerged as the best-performing segment. The country's real estate sector hinted at recovery in the third quarter of fiscal 2021, led by low home loan interest rates, festive demand, discount offers from developers, and reduced stamp duty in various states. Also read: Industry reacts with enthusiasm at Maha premium cut Image Source4th Indian Cement Review Conference 20214th Indian Cement Review Conference 202117-18 March Click for event info

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000