Lodha Developers Acquires 80 Percent in Solidrise; Share Price in Focus

Lodha Developers' share price is likely to remain in focus after the company acquired an 80% stake in Solidrise Realty for ₹294 crore as part of its growth plan, strengthening its foothold in the Pune housing market as part of a broader expansion drive.

The Mumbai-based developer disclosed in a regulatory filing that it has signed a share purchase agreement to acquire the majority equity in Solidrise Realty. Following the transaction, Solidrise will operate as a subsidiary. The Pune firm is engaged in real estate development, and the acquisition strengthens Lodha’s presence in a city that continues to attract end users and investors alike.

The move comes weeks after Lodha reported a steady financial performance for the third quarter of FY2025-26. Consolidated net profit rose 1 percent year on year to ₹956.9 crore, compared with ₹944.4 crore in the corresponding period last year. Total income increased to ₹4,775.4 crore during the October to December quarter, up from ₹4,146.6 crore a year earlier.

During the same quarter, Lodha added five land parcels across Mumbai, Delhi-NCR, and Bengaluru, with a projected sales potential of nearly ₹34,000 crore. The company follows a dual strategy of outright land purchases and partnerships with landowners to build a pipeline of future projects.

With more than 100 million square feet developed to date, Lodha maintains a strong presence in the Mumbai Metropolitan Region, Pune, and Bengaluru, and has recently entered the Delhi-NCR residential market. The Solidrise acquisition signals a calibrated push to deepen scale in high-growth urban corridors. Market participants are expected to watch the Lodha Developers share price closely as the company accelerates its expansion across key housing markets.