India, Nov. 3 -- Mumbai-based listed real estate developer, Lodha Developers' CEO and MD, Abhishek Lodha, has said that India's real estate market is "still on the runway, it hasn't reached the takeoff phase yet" and is only beginning to gain momentum.

"We (India's real estate market) are still sort of, I would say, the plane is on the runway. It is not even gotten to kind of takeoff phase. It is just kind of moving along on the runway. That is how we think the cycle is," Lodha said during the company's Q2 FY26 earnings call recently.

"Yes, sometimes there will be a situation, there will be a backup on the runway. The plane will have to pause for a few minutes, or it might be a few quarters in this context. But we have many years ahead ...