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Lodha Developers Ltd plans to generate nearly INR 10,000 crore over the next three to four years by monetising around 150 acres of land at its data centre park in the Mumbai Metropolitan Region (MMR). The company said the planned land sales form part of its long-term asset monetisation strategy and will help fund the expansion of its data centre business without increasing group leverage. Lodha currently owns around 660 acres within the data centre park, having already monetised approximately 130 acres in the first phase. The announcement comes as the developer reported record quarterly profitability and continued growth in residential sales, while also preparing to expand into the Delhi-NCR housing market.
Lodha Developers Ltd plans to monetise around 150 acres of land within its data centre park in the Mumbai Metropolitan Region (MMR) over the next three to four years, targeting proceeds of nearly INR 10,000 crore as part of its long-term asset monetisation strategy. The company said the planned transactions will support the expansion of its digital infrastructure business while allowing it to maintain a disciplined capital structure.
During a conference call with market analysts, Managing Director Abhishek Lodha said the company currently holds approximately 660 acres at its data centre park in MMR. Of the initial 370-acre development phase, around 130 acres have already been monetised, with a further 150 acres earmarked for sale over the coming three to four years. The planned monetisation is expected to generate close to INR 10,000 crore in sales, implying an average realisation of around INR 60 crore per acre.
Lodha said land monetisation is an integral part of the company's business model rather than an exceptional source of income. He explained that the proceeds generated from land sales within the data centre park are being used to fund the development of the project itself, ensuring that the data centre business remains largely self-funded. According to the company, this approach prevents additional leverage at the group level and avoids competing with its residential development business for capital allocation.
The data centre park forms a key component of Lodha Developers' diversification strategy beyond residential real estate. Earlier this year, the company announced plans to invest approximately INR 1.3 lakh crore to develop a 2.5-gigawatt data centre park near Mumbai, with the monetisation programme expected to support the creation of around one gigawatt of powered shell capacity. The company has projected annual rental income exceeding INR 2,000 crore from the data centre business by FY32.
The announcement follows a strong financial performance by the developer. Lodha Developers reported its highest-ever quarterly profit during the April–June quarter, with net profit rising to INR 1,373.1 crore from INR 675 crore in the corresponding period last year. Total income increased to INR 5,096.7 crore from INR 3,624.7 crore, while residential sales bookings grew 4 per cent year-on-year to INR 4,630 crore. The company also indicated that it intends to launch its first residential housing project in the Delhi-NCR market during the current financial year as part of its geographical expansion strategy.
Source - PTI
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