Lodha Developers Signs Rs 3,648 Million Joint Development Deal In Mumbai

27 Feb 2026 CW Team

Lodha Developers has signed a joint development agreement with Sahana Properties and Resorts and Sahana Builders and Developers to develop land in Mumbai for a consideration of Rs 3,648 million (mn). The company will develop parcels in the Parel-Sewree division covering 41,526.07 square metres, with the deal registered on 11 February and a stamp duty of Rs 372 million (mn). The arrangement was disclosed via a real estate analytics firm.

The company will receive 63 per cent of sale income from the potential development, with Sahana receiving the remainder, and it plans to launch a premium development in the current quarter. The deal aligns with its strategy of securing land under various modes to select projects with targeted margins. Email queries sent to Lodha Developers remained unanswered.

Market data showed Parel recorded 404 new sale transactions in 2025 and gross sales of Rs 11.69 billion (bn), while Sewree recorded 170 transactions and gross sales of Rs 8.52 billion. Average property rates in Parel in the fourth quarter of 2025 were Rs 38,942 per square foot, up from Rs 38,329 a year earlier, while Sewree rates were Rs 59,295 in Q4 2025, down from Rs 61,798 in Q4 2024. These figures reflect micro-market dynamics.

The developer reported a 1.32 per cent year on year rise in profit in the third quarter of fiscal year 2026 to Rs 9.569 billion, and pre-sales growth of 25 per cent year on year to Rs 56.2 billion, according to its Q3 FY26 investor presentation. The presentation highlighted that acquiring land across cycles and through various modes provides a large opportunity set including aggregated land, bilateral purchases, auction redevelopment and joint development agreements with landowners. The company added that such a pipeline allows it to choose projects aligned with targeted margins.

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