Lodha acquires 100% stake in Chaitanya Bilva for ₹500 crore, adds 8.37-acre Bengaluru land

Realty major Lodha Developers Ltd (formerly Macrotech Developers Ltd) on Monday (October 13) said it has acquired a 100% stake in Chaitanya Bilva Private Ltd (CBPL) for a cash consideration of ₹499.61 crore, making CBPL its wholly owned subsidiary. The acquisition, completed on October 13, 2025, adds a prime land parcel of approximately 8.37 acres in Bengaluru to Lodha’s portfolio.

Chaitanya Bilva Private, incorporated on November 17, 2021, operates in the development and construction of residential

real estate projects. The company has not yet commenced operations, with a turnover of ₹ NIL in the last three years, and a net worth of ₹13.10 crore as of March 31, 2025.

The acquisition is part of Lodha’s planned strategy to drive calibrated growth in Tier 1 cities through inorganic expansion. No regulatory approvals were required for the transaction, which does not involve any related party interests and was conducted at arm’s length.

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First Quarter Results

In July this year, Lodha Developers reported a 10% year-on-year increase in pre-sales to ₹4,450 crore for the quarter, while collections rose 7% to ₹2,880 crore.

The Mumbai-based real estate firm said it has added five new projects across Mumbai, Pune and Bengaluru, with a total gross development value (GDV) of ₹22,700 crore.

The real estate firm added five new projects across the Mumbai Metropolitan Region (MMR), Pune and Bengaluru with a gross development value (GDV) of ₹227 billion—over 90% of its full-year business development guidance of ₹250 billion.

Also Read: Macrotech Developers Block Deal: Investor likely to exit 1% stake in $165-million clean-out trade

Net debt stood at ₹50.8 billion as of June 30, well within its internal cap of 0.5x net debt-to-equity, despite higher investments in land acquisition and project development.

Shares of Lodha Developers Ltd ended at ₹1,157.00, up by ₹1.10, or 0.095%, on the BSE.