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

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..