Lodha Group purchases prime land parcel in Pune

08 Aug 2022 CW Team

Lodha Group purchases a prime portion of land in Pune, a magnificent 1.10 acre block of land in Pune's Bund Garden neighbourhood from Poonawalla Constructions LLP for Rs 800 million.

Given that this is one of the highest considerations, based on per-acre cost, spent by any developer for a land tract in Pune, the deal assumes significance.

The land parcel was bought by Macrotech Developers and Home Crest Constructions, a co-investor. On July 11, the agreement was completed and registered, with Lodha paying stamp duty in the amount of Rs 56 mn.

Zavareh Poonawalla, a brother of Cyrus Poonawalla of Serum Institute, is a partner in Poonawalla Constructions, which had long held this piece of property.

The land in the area was valued at Rs 600 mn per acre when a European fund and its Indian developer partner paid Rs 1.5 bn for a 1.75 acre land lot in the same neighbourhood last year. An acre in the most recent purchase is worth approximately Rs 730 mn.

Also read:
Lodha Group plans alliances for Rs 150-bn development projects
Lodha to invest Rs 39.5 billion on sustainability

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..