Rajendra Lodha steps down as director of Lodha Developers, conduct under review

Lodha Developers on Tuesday announced that Rajendra Lodha has resigned as director of the company with effect from August 17, 2025.

The resignation was requested from the company as certain matters related to his conduct are under review by the ethics committee.

Certain matters related to Lodha's conduct are under review by the Company’s Ethics Committee, the company said in a statement.

Lodha Developers is one of the leading players in the real estate market, both residential and commercial, with major presence in Mumbai.

The group plans to enter Delhi NCR in the next 12 months with first launch planned in FY27. With this entry, the company will be operating in four of the largest real estate markets in the country, covering about two-third of the total residential sales.

However, the company has not revealed any details on overall entry strategy and land acquisition for the first project.

"We will be starting off with a pilot phase with a moderate number of projects and a moderate level of investment with a view to understand better how the market operates and how we build out the supply chain for operations as well as sales," MD and CEO Abhishek Lodha, said.

He also revealed that Lodha Developers aims to complete one or more land transactions either on a joint development basis or otherwise in the course of this financial year.