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2d ago

Lodha Developers Posts 10% Q1 Pre-Sales Rise After Rebranding as Keystone Hits Record Growth

Bolstered by disciplined debt control, new launches, both developers are on track to surpass full-year sales targets.

Mumbai-based listed real estate developer Lodha Developers reported a 10% growth in pre-sales bookings to ₹4,450 crore in the first quarter of FY26. (Picture for representational purposes only)
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Overview

  • Lodha Developers formally rebranded from Macrotech to Lodha Developers Limited on June 16 after settling a trademark dispute and gaining Registrar of Companies approval.
  • In Q1 FY26, Lodha recorded ₹4,450 crore in pre-sales, up 10% year-on-year, with ₹2,880 crore collections (7% YoY) and net debt at ₹5,080 crore below its 0.5× leverage cap.
  • The company added five new projects across the Mumbai Metropolitan Region, Pune, Bengaluru with a combined gross development value of ₹22,700 crore to strengthen its pipeline.
  • Keystone Realtors delivered a record first-quarter performance with ₹1,068 crore in pre-sales—a 75% YoY and 25% quarter-on-quarter rise—and collected ₹575 crore (19% YoY).
  • A robust project backlog in emerging markets, coupled with strong order inflows, positions Keystone to surpass its ₹4,000 crore FY26 pre-sales guidance.