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Lodha Developers' Q3 collections fell 17% year-on-year but pre-sales hit a record high, driven by strong demand and growth expected in coming quarters.
Lodha Developers saw a 17% year-on-year drop in third-quarter collections to Rs 3,560 crore, mainly due to one-time large sales last year that didn’t repeat.
However, pre-sales surged 25% to Rs 5,620 crore, marking a record high, driven by strong residential demand.
The company reported slight sequential improvement in collections and expects growth in upcoming quarters as construction progresses.
Lodha is entering the NCR region via joint development projects to tap into high housing demand, while maintaining confidence in hitting its annual sales target of Rs 21,000 crore.
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Las colecciones del tercer trimestre de Lodha Developers cayeron un 17% interanual, pero las ventas previas alcanzaron un nivel récord, impulsadas por la fuerte demanda y el crecimiento esperado en los próximos trimestres.