Real estate company Lodha Developers Ltd has raised ₹350 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis to support its business growth plans.
In a regulatory filing on Monday, the company stated that the executive committee of its Board of Directors approved the allotment of NCDs totaling ₹350 crore. The funds raised are expected to be utilized for business expansion, operational requirements, and strengthening the company’s financial position.
Earlier this month, the committee had also approved the allotment of non-convertible debentures (NCDs) worth ₹300 crore on a private placement basis.
Mumbai-based Lodha Developers, formerly known as Macrotech Developers Ltd, is among India’s leading real estate companies. The firm holds a strong presence across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru markets. Its diversified portfolio spans residential housing projects, commercial office complexes, retail shopping malls, and industrial as well as warehousing parks, catering to a wide range of real estate demands.
Lodha Developers’ recent fundraises, including the ₹350 crore and ₹300 crore NCD allotments, underscore its strategic focus on business expansion and financial strengthening. With a robust presence in MMR, Pune, and Bengaluru, and a diversified portfolio spanning residential, commercial, and industrial projects, the company is well-positioned to capitalize on the growing demand in India’s real estate sector.
