Q3FY24 Operating Highlights
Significant opportunity to scale up in other micro-markets of MMR
Market leading position in most micro-markets, with potential for growth in other regions
Market share by absorption in INR bn
1. Extended Western Suburbs
Vasai
Developer
Developer
First
Market share (%)
12.3%
Naigaon
1
Bhayander
ELODHA
5.4%
LODHA
Second
Third
4. Thane
Market share (%)
19.6%
11.9%
7.7%
Third
4.8%
Mira Road
Absorption: INR 24bn
Ghodbunder
4
Kalyan
Thane
Added 2 projects with GDV of INR 15bn
Absorption: INR 101bn
5. Extended Eastern Suburbs
Dombivali
2
2. Western Suburbs
Pre-IPO, had limited presence
Added 5 projects with GDV of INR 52bn
Absorption: INR 170bn
Wagle Estate
Developer
Asangaon
LODHA
Malad
Airoli
Goregaon
Ghansoli
5
Mulund
Andheri
Powai
Vikhroli
Bandra
Vashi
Kurla
Developer
3. South Central Mumbai
7
CBD
Belapur
Market share (%)
Prabhadevi
Worli
1 LODHA
Second
Third
Dadar
33.9%
13.4%
9.9%
Lower Parel
3
Added 10 projects with GDV of INR 237bn
Absorption: INR 126bn
Colaba
Second
Third
Market share (%)
20.2%
4.8%
3.4%
Absorption: INR 73bn
6. Navi Mumbai
Potential growth micro-market for Lodha
Absorption: INR 111bn
7. Eastern Suburbs
Pre-IPO, had no presence
Added 10 projects with GDV of INR ~163bn
Absorption: INR 173bn
Tied up INR ~467bn of GDV and development potential of ~20 msf across 24 projects in various micro-markets of MMR
LODHA
Source: Report prepared by Anarock Property Consultant Private Limited
Note: Market shares and absorption data is average for 2015-20 absorption
BUILDING A BETTER LIFE
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