The luxury segment represents half of unsold homes: Lodha Developers


Almost 48% of the total inventory of unsold residential developments (by value) by Macrotech Developers, formerly known as Lodha Developers, was in high-end and luxury projects, according to the filed Red Herring Prospectus Project (DRHP). by the Society.

He filed his DRHP with the Securities and Exchange Board of India (Sebi) on Tuesday evening to raise Rs 2,500 crore through the IPO.

The DRHP said about 21% of the company’s unsold inventory, which operates primarily in the Mumbai metropolitan area (MMR), was valued between Rs 1 crore and Rs 3 crore.

About 7% of the prices were between Rs 3 crore and Rs 5 crore, 22% between Rs 5 crore and Rs 8 crore, and 15% above Rs 8 crore.

According to Anarock Property Consultants, at the end of 2020, out of the total of 638,000 unsold units in the seven main cities, the total stock in the luxury segment (price above Rs 1.5 crore) was 14% (industry figures ).

For 9MFY21 and FY20, high-end and luxury projects contributed sales of Rs 1,327.8 crore and Rs 2,233.8 crore, accounting for 42.22% and 42.2% of residential sales respectively. The DRHP said 35% of unsold inventory was less than Rs 1 crore as of December 31, 2020.

As of December 31, 2020, unsold inventory in its affordable and middle-income projects represented 52% of total unsold residential developments (by value).

For 9MFY21 and FY20, his affordable and middle-income projects contributed to sales of Rs 1,817.2 crore and Rs 3,055.3 crore, which accounted for 57.78% and 57.77% of residential sales respectively.

According to Anarock, 35% of unsold inventory in the first seven cities was in the affordable segment (less than Rs 40 lakh) and 31% in the middle income segment, priced between Rs 40 lakh and Rs 80 lakh.

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor


About Author

Leave A Reply