Macrotech expands Pune footprint with five acre land development

28 Apr 2025 CW Team

Macrotech Developers, a leading real estate company, has entered into a development agreement with Goel Ganga Developments for a 5.1-acre land parcel located in Pune’s western suburb of Wakad, according to property registration documents accessed by Propstack.

With the addition of this project, Macrotech, also known as Lodha Group, now has a total of 11 ongoing or completed projects in the Pune market.

As per the registration documents, Macrotech paid a stamp duty of Rs 80.26 million for the land, based on a transaction value of approximately Rs 1.65 billion. Under the terms of the development agreement, Macrotech is expected to share 22.5 per cent of the project's revenue with Goel Ganga Developments.

A spokesperson for Macrotech Developers declined to comment on the development. It had reached out to Goel Ganga Developments for a response regarding the deal and mentioned that the story would be updated once their response is received.

Macrotech is scheduled to announce its Q4 and FY25 financial results later on April 24.

The land parcel belongs to Goel Ganga Developments, a prominent real estate player in Pune, which also has a commercial project, GO Square, located near the site to be developed by Macrotech. Wakad and its surrounding areas have attracted interest from several large and listed developers due to their proximity to the Rajiv Gandhi Infotech Park in Hinjawadi — Pune’s largest technology hub — as well as major roadways like the Katraj-Dehu Road bypass and the Mumbai-Pune Expressway.

Over the past two to three years, Lodha Group has been actively expanding its footprint in Pune, targeting areas such as Hinjawadi, Wakad, and Kothrud, with the objective of growing its market share in the city, despite facing stiff competition from both local and national developers.

News source: Money Control

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..