MUMBAI – In a move that signals massive growth for the luxury housing market, India’s leading developer, Lodha (Macrotech Developers), has officially entered into a major partnership in Central Mumbai. The company has signed a Joint Development Agreement (JDA) with the Sahana Group to transform over 10 acres of land in the Parel–Sewri area.
The deal, valued at ₹364 crore, marks one of the most significant moves in the city this year for the Lodha-Sahana Mumbai Real Estate partnership. By joining hands, the two companies aim to turn a vast stretch of land into a premium residential destination.
Breaking down the deal
The agreement was recently finalized through property registration documents, showing that Lodha has partnered with two entities of the Sahana Group. To seal the deal, a stamp duty of over ₹37 crore was paid to the government.
In this partnership, the responsibilities and profits are clearly divided. Lodha, known for its high-end construction and branding, will take the lead on development. The revenue-sharing model is set at 67% for Lodha and 33% for the Sahana Group. This type of “Joint Development” is becoming popular because it allows developers to build on prime land without having to buy the entire property upfront, reducing financial risk.
A new landmark in Parel-Sewri
The land itself covers more than 41,000 square meters. Located in the Parel–Sewri belt, the area is highly sought after due to its central location and improving connectivity to both South Mumbai and the suburbs.
The project will be built entirely under the “Lodha” brand name, which carries significant weight with homebuyers looking for luxury and reliability. Construction is expected to span over the next five years, with the official launch of the first phase planned for this quarter.
What this means for homebuyers
Despite talk of “oversupply” in certain parts of Mumbai due to many old buildings being broken down and rebuilt, Lodha’s leadership remains confident. The company believes that while there are many apartments available in the city, there is still a shortage of high-quality homes that offer a premium lifestyle and are delivered on time.
For residents of Mumbai, this project represents the changing face of Central Mumbai. What was once an industrial hub is rapidly becoming a skyline of luxury towers. This new development is expected to feature modern amenities, green spaces, and the high-standard infrastructure that the modern Lodha-Sahana Mumbai Real Estate market demands.
Looking ahead
As the Mumbai market continues to evolve, partnerships like this show that big players are betting on long-term growth. With a five-year timeline, this 10-acre project is set to become a major landmark, offering hundreds of new homes in one of the city’s most evolving neighborhoods.
Also read – Why luxury homes are booming across India’s major cities
Disclaimer – This article is for informational purposes only. It does not constitute financial or investment advice. Readers should verify all property details and legal documents independently before making any decisions.
Source – Hindustan Times
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