Lodha Developers · tone and specificity signals across the available quarters.
Language signals
We are only year four or five out of that very long cycle. It doesn't mean that we'll never have a bad year, we can of course have a bad year, but from a more structural perspective, this is a much longer cycle because the level of demand that India needs to produce to meet its housing needs is going to be a long, long time before the supply side can catch up.
We now have a dedicated team working to capture what else can we do beyond providing the land and the infrastructure. We are exploring partnerships with entities having strong AI knowledge or networks. If we were to build 250 megawatts that is an annualized PAT of maybe ₹2,500 crore or higher at today's rates.
Our H1 sales stand at about ₹9,000 crore, which is 43% of our full year guidance. Having delivered more than ₹4,000 crore of pre-sales consecutively for the last seven quarters, we are now expecting to move up towards a run rate in the high 50s or low 60s.
This is the first time that the company has crossed Rs 5,000 crore in quarterly pre-sales and also highlight that the performance in Q1, Q2 and Q3 has been the best ever for those respective quarters and that shows the underlying strength of the brand as well as of the markets that we are operating in.
We have frontloaded business development and that will give us the opportunity to be more profit focused when we do newer business development and hopefully that is margin enhancing. We are not going to spend as much money on business development in the next 24 months as we've done in the last 24 months.
I think the market is moving towards the best place players because consumers who are buying want the assurance of getting a high quality product and from the best brands. At the very bottom end of the market homes below 75 lakhs there has been a decline in both supply as well as in sales in that sort of entry-level affordable housing segment.