Lodha Developers net debt up Rs 800 cr in Q3 to Rs 6,170 cr due to land purchases

Lodha Developers saw its net debt climb 15 percent to Rs 6,170 crore in the October-December quarter. This increase stems from aggressive land acquisitions across Mumbai Metropolitan Region, Delhi-NCR, and Bengaluru. The company secured five land parcels for future housing and commercial projects. Lodha Developers aims for Rs 21,000 crore in sales bookings this fiscal year.