Lodha to acquire Goel Ganga Ventures India
Real Estate

Lodha to acquire Goel Ganga Ventures India

Realty developer Lodha, listed as Macrotech Developers has executed agreements to acquire 100% equity stake in Pune-based Goel Ganga Ventures India and the transaction is expected to be completed by January 15.

Following the conclusion of this deal, Goel Ganga Ventures India will become a wholly owned subsidiary of the Mumbai-headquartered company.

No regulatory approvals are required for the acquisition of the real estate company, Macrotech Developers said in a regulatory filing.

Goel Ganga Ventures India, incorporated in July 2020, is engaged in the business of real estate development and related activities. It has not reported any revenue income in the last three financial years.

Macrotech Developers reported its best-ever pre-sales performance with 12% on-year growth at Rs 3,530 crore for the quarter ended September along with continued debt reduction and robust business development.

The company?s net profit for the September quarter declined 42% to Rs 210 crore and revenues from operations declined marginally to Rs 1,750 crore. However, the developer?s collections during the quarter rose 16% from a year ago to Rs 2,750 crore.

Realty developer Lodha, listed as Macrotech Developers has executed agreements to acquire 100% equity stake in Pune-based Goel Ganga Ventures India and the transaction is expected to be completed by January 15. Following the conclusion of this deal, Goel Ganga Ventures India will become a wholly owned subsidiary of the Mumbai-headquartered company. No regulatory approvals are required for the acquisition of the real estate company, Macrotech Developers said in a regulatory filing. Goel Ganga Ventures India, incorporated in July 2020, is engaged in the business of real estate development and related activities. It has not reported any revenue income in the last three financial years. Macrotech Developers reported its best-ever pre-sales performance with 12% on-year growth at Rs 3,530 crore for the quarter ended September along with continued debt reduction and robust business development. The company?s net profit for the September quarter declined 42% to Rs 210 crore and revenues from operations declined marginally to Rs 1,750 crore. However, the developer?s collections during the quarter rose 16% from a year ago to Rs 2,750 crore.

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?