Godrej and Lodha stockpile 25-plus land parcels in FY26, building a ₹1-lakh-crore housing pipeline

India's two largest listed residential developers spent FY26 building land banks at pace. Godrej Properties and Macrotech (Lodha) together tied up more than 25 land parcels over the year, with combined development potential exceeding ₹1 lakh crore in future sales.

Lodha accounted for 11 parcels in the first nine months alone — across the MMR, the National Capital Region, Pune and Bengaluru — carrying about 20.6 million sq ft of saleable area and an estimated ₹58,800 crore of sales value. Godrej added close to 20 parcels with roughly ₹42,000 crore of potential.

For the MMR, the scale of this banking matters because it shapes supply two to four years out. Listed developers with cheaper capital are increasingly the ones assembling land and winning society and cluster mandates — a consolidation that tends to favour larger, better-funded names over smaller local builders.

Land tied up today is not supply tomorrow; approvals and launches take time. But the direction is clear: the biggest balance sheets are positioning for the next cycle of Mumbai-region housing.