Macrotech acquires land in Pune for Rs 110 crore from Paranjape Schemes

18 Nov 2024 CW Team

Macrotech Developers, the Mumbai-based real estate giant also known as Lodha Group, has acquired a 2.82-acre land parcel in the Hinjewadi area of Pune for Rs 110 crore. The deal, finalized on October 14, was made with Paranjape Schemes Construction Limited, a Pune-based developer, as the seller. The transaction documents, accessed by CRE Matrix, reveal that Lodha paid a stamp duty of Rs 6.64 crore and a registration fee of Rs 30,000.

Located in the Hinjewadi micro-market, a prominent IT hub in Pune with access to the Mumbai-Pune Expressway, the land parcel also includes a special economic zone (SEZ) component. The area is known for its robust real estate activity, with apartment prices around Rs 10,000 per square foot and Grade A office space rentals between Rs 50-60 per square foot, according to local brokers.

This acquisition marks a strategic move for Lodha in Pune, which follows its previous projects in the city, including Lodha Belmondo near the Mumbai Pune Expressway and a project in Kharadi launched last year. Additionally, in January 2024, Lodha had announced the acquisition of a 100% stake in Goel Ganga Ventures India Private Limited (GGVIPL), another Pune-based firm.

The broader Pune real estate market has seen a dip in property registrations, with a 33% year-on-year (YoY) decrease in September 2024 compared to the same period last year. Macrotech’s managing director and CEO, Abhishek Lodha, recently stated that the company has successfully completed its pilot phase in Bengaluru and aims to capture a 15% market share in the city by the end of the decade.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..