Lodha Developers Limited

Lodha Developers Limited is an Indian company in the real estate industry (formerly Macrotech Developers Limited and Lodha Developers Private Limited and Lodha Developers Limited) with 9 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 7.96% to 8.75% a year. 3 have floating or market-linked coupons. Maturity dates run from 27 Mar 2027 to 31 Mar 2036. NSDL records all 9 whose terms it holds as secured. Latest credit ratings on record: ICRA AA (Stable) (action dated 22 Sep 2026); CRISIL AA (Stable) (action dated 12 Dec 2025). Verify current terms against the official documents linked on this page.

Data as of 13 Nov 2026 (snapshot 20261113-2049) · How this page is compiled

Issuer overview

Legal name
Lodha Developers Limited
Formerly
Macrotech Developers Limited; Lodha Developers Private Limited; Lodha Developers Limited
CIN
L45200MH1995PLC093041
LEI
254900B5QCN52ETNU557
Industry
Real Estate
Business
Residential, Commercial Projects
Ownership
Non PSU
ISIN issuer code
INE670K
Outstanding bonds (ISINs)
9 (plus 8 matured)
Stated coupons (fixed rate)
7.96% – 8.75%
Maturity dates
27 Mar 2027 – 31 Mar 2036
Secured (NSDL)
9 of 9
Combined issue size of outstanding bonds
₹2,850 crore
Traded on
NSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Lodha Developers bonds: ISIN, coupon and maturity

9 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE670K07257 NCD 8.75% Quarterly 28 Mar 2024 27 Mar 2027 ₹70,000 125 Secured None recorded — ICRA AA 23 Sep 2025
INE670K07273 NCD 8.6% Quarterly 23 Dec 2024 22 Dec 2027 ₹1,00,000 325 Secured Guaranteed — CRISIL AA 13 Feb 2025
INE670K07307 NCD Floating (MIBOR-linked) Yearly 21 Jul 2025 21 Jan 2028 ₹78,261 350 Secured Guaranteed — CRISIL AA 6 Jun 2025
INE670K07281 NCD 8.14% Quarterly 6 Jun 2025 5 Jun 2028 ₹80,000 200 Secured None recorded — CRISIL AA 13 Feb 2025
INE670K07299 NCD 7.96% Quarterly 8 Jul 2025 7 Jul 2028 ₹1,00,000 300 Secured None recorded — ICRA AA 22 Sep 2026
INE670K07349 NCD Floating / market-linked Quarterly 13 Nov 2025 13 Nov 2028 ₹59,247 250 Secured None recorded — CRISIL AA 22 Sep 2025
INE670K07364 NCD Floating / market-linked Yearly 30 Jun 2026 15 Feb 2030 ₹1,00,000 300 Secured None recorded NSE CRISIL AA 12 Dec 2025
INE670K07331 NCD 8.1% Quarterly 30 Sep 2025 29 Sep 2030 ₹1,00,000 500 Secured None recorded — CRISIL AA 22 Sep 2025
INE670K07356 NCD 8.52% Yearly 30 Mar 2026 31 Mar 2036 ₹1,00,000 500 Secured None recorded NSE CRISIL AA 12 Dec 2025
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Floating rate bond · Credit rating.

Lodha Developers credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
ICRA AA Stable Reaffirm 22 Sep 2026 3 Verified by NSDL · Checked 7 Nov 2026
CRISIL AA Stable New 12 Dec 2025 7 Verified by NSDL · Checked 7 Nov 2026
Rating history
Date Agency Rating Outlook Action
22 Sep 2026 ICRA AA Stable Reaffirm
12 Dec 2025 CRISIL AA Stable New
23 Sep 2025 ICRA AA Stable Withdrawn
22 Sep 2025 CRISIL AA Stable New
20 Jun 2025 ICRA AA Stable Reaffirm
6 Jun 2025 CRISIL AA Stable New
27 May 2025 ICRA AA Stable Upgrade
13 Feb 2025 CRISIL AA Stable Upgrade
20 Dec 2024 ICRA AA- Positive Reaffirm
20 Sep 2024 CRISIL AA- Positive New
23 Apr 2024 ICRA AA- Stable Reaffirm
4 Apr 2024 ICRA AA- Stable Upgrade
6 Mar 2024 ICRA A+ Positive New
3 Nov 2023 ICRA A+ Positive New

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: CRISIL, ICRA

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
13 Nov 2025 INE670K07349 13 Nov 2028 Placement memorandum on BSE
30 Sep 2025 INE670K07331 29 Sep 2030 Placement memorandum on BSE
21 Jul 2025 INE670K07307 21 Jan 2028 Placement memorandum on BSE
8 Jul 2025 INE670K07299 7 Jul 2028 Placement memorandum on BSE
6 Jun 2025 INE670K07281 5 Jun 2028 Placement memorandum on BSE
23 Dec 2024 INE670K07273 22 Dec 2027 Placement memorandum on BSE
28 Mar 2024 INE670K07257 27 Mar 2027 Placement memorandum on BSE
9 Nov 2023 INE670K07232 6 Nov 2026 Placement memorandum on BSE
27 Sep 2023 INE670K07224 25 Sep 2026 Placement memorandum on BSE
31 Aug 2023 INE670K08024 31 Aug 2026 Placement memorandum on BSE
19 Jul 2023 INE670K07216 30 Jun 2026 Placement memorandum on BSE
30 Dec 2022 INE670K07208 29 Jun 2026 Placement memorandum on BSE
23 Dec 2022 INE670K07190 22 Dec 2025 Placement memorandum on BSE
20 Sep 2022 INE670K07182 20 Sep 2025 Placement memorandum on BSE
5 Sep 2022 INE670K07174 5 Sep 2025 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Lodha Developers bonds: questions and answers

What bonds has Lodha Developers Limited issued?

Lodha Developers Limited has 9 outstanding bonds recorded on this page. By type, as described by NSDL: 9 NCDs. 8 further ISINs on record have passed their maturity dates and are not counted as outstanding.

What are the ISINs of Lodha Developers Limited bonds?

Its 9 outstanding bonds each have their own ISIN, for example INE670K07257, INE670K07273, INE670K07307. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE670K.

What coupon rates do Lodha Developers Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 7.96% to 8.75% a year on face value. 3 bonds have floating or market-linked coupons. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Lodha Developers Limited bonds mature?

Its outstanding bonds have maturity dates from 27 Mar 2027 to 31 Mar 2036. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Lodha Developers Limited bonds?

NSDL India Bond Info records ICRA AA (Stable) (action dated 22 Sep 2026); CRISIL AA (Stable) (action dated 12 Dec 2025) on its outstanding bonds. Checked on NSDL on 7 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Lodha Developers Limited bonds secured, unsecured or guaranteed?

NSDL records all 9 outstanding bonds whose terms it holds as secured. 2 are recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Is Lodha Developers Limited the same company as Macrotech Developers Limited?

Yes. Lodha Developers Limited was formerly known as Macrotech Developers Limited and Lodha Developers Private Limited and Lodha Developers Limited; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is L45200MH1995PLC093041.

Where can investors find the original disclosure documents for Lodha Developers Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Lodha Developers Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on NSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Sources and dates

Data as of 13 Nov 2026 (snapshot 20261113-2049). Facts on this page last changed on 7 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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