Lodha Developers Acquires Remaining 20% Stake in Bellissimo Infratech (Formerly Solidrise Realty), Making It a Wholly Owned Subsidiary
Published
Lodha Completes Acquisition of Bellissimo Infratech
Lodha Developers finalized the acquisition of the remaining 20% stake in Bellissimo Infratech Private Limited on August 31, 2026, transitioning it into a wholly-owned subsidiary. The cash consideration for the acquisition was ₹73.52 crore.
The company had previously acquired an 80% stake in Bellissimo Infratech Private Limited (formerly known as Solidrise Realty Private Limited) through an earlier transaction dated February 14, 2026.
Strategic Intent and Timing
The strategic intent behind this acquisition is to bolster Lodha Developers' growth initiatives, particularly within the Pune region. Lodha is among the largest real estate developers in terms of presales and development pipeline in India with a presence in Mumbai Metropolitan Region, Pune and Bengaluru.
Entity Profile
Bellissimo Infratech Private Limited, operating in the real estate sector, was incorporated on March 21, 2025. For the financial year ended March 31, 2026, the company reported a turnover of NIL, as its business operations had not yet commenced. As of March 31, 2026, Bellissimo Infratech's net worth was reported at ₹97.30 crore.
The transaction is not a related party transaction and does not involve any interest from promoters or promoter group companies, ensuring the deal is conducted at arm's length. No governmental or regulatory approvals were required for this particular acquisition.
Lodha's Pune Expansion
Lodha's Pune portfolio spans neighbourhoods including Kharadi, Hinjewadi, Wakad and Baner. Lodha has added a new Pune residential project with a potential sales value of ₹2,300 crore, covering nearly 1.9 million square feet of space and with an estimated gross development value of ₹2,300 crore.