Sri Lotus Developers and Realty Limited has informed the Exchange regarding a press release dated September 30, 2025, titled "Launches The Arcadian (Juhu) & Amalfi (Versova) with strong initial bookings worth ₹130 crore; Set to launch Project Varun (Bandra) in Q3 FY26".
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Sri Lotus Developers has launched two new luxury projects in Mumbai — The Arcadian in Juhu and Amalfi in Versova — together clocking strong initial bookings of ₹130 crore within the first week of launch. The Arcadian contributed ₹92 crore of bookings against an estimated Gross Development Value (GDV) of ₹700 crore, while Amalfi added ₹38 crore against a ₹300 crore GDV. Construction on both is in full swing, and enquiries remain strong, supported by prime locations and the developer's track record of timely delivery. The company also confirmed that Project Varun in Bandra, an ultra-luxury development, is on track for launch in Q3 FY26. Management reiterated FY26 guidance of pre-sales of ₹1,100–1,300 crore, revenue growth of 75–85% YoY, and PAT growth of 30–35% YoY.
This is a positive update for shareholders — week-one bookings of ₹130 crore validate demand for the company's luxury portfolio and lend credibility to its aggressive FY26 growth guidance. Sustained execution across the launch pipeline could support stock momentum, though luxury real-estate sales remain sensitive to interest rates and broader market sentiment.