Mumbai Real Estate sees new Players & we welcome their entry, says Lodha's CEO

The CEO & Managing Director of prominent real estate company, Macrotech Developers under the umbrella of Lodha group, Abhishek Lodha stated that there several new players made their entry into the real estate realm of Mumbai & the group of Lodha heart fully welcomes their presence. 

During the earnings call for the year 2024’s fourth quarter, Abhishek Lodha states that the market of share of Lodha group in Mumbai is around 10 percent & the total market share of top 5 real estate developers in Mumbai is in the mid-20s. 

The Lodha group is actively engaged with the projects in the real estate market of India over the metropolitan regions including Pune, Mumbai & Bengaluru. 

In January 2024, the real estate company informed that it will make decisions on its entry to the fourth city. 

Regarding this, Abhishek Lodha, CEO & Managing Director of Lodha Group states, “So, there is a long, long way of consolidation to go. As more high quality players come in, they will certainly benefit the market”.

Further he added, "We believe that our journey of growing our market share in our core markets will continue to be aided by the consolidation in the market and the market having good quality players serving a majority of the demand. So, we very much welcome the presence of better quality players in the marketplace”.