Home / Business and Economy / Lodha & Sahana Forge Mumbai Land Deal Worth ₹364 Cr
Lodha & Sahana Forge Mumbai Land Deal Worth ₹364 Cr
22 Feb
Summary
- Lodha Developers partnered with Sahana group for a Rs 364.80 crore land deal.
- The agreement covers multiple land parcels in Mumbai's Parel-Sewree division.
- Lodha will receive 63% of sale income from the developed land.
Lodha Developers has finalized a joint development agreement with the Sahana group, involving a Rs 364.80 crore consideration for multiple land parcels in Mumbai's Parel-Sewree division. This significant transaction, registered on February 11th, covers an area of 41,526.07 square meters.
Under the terms of the agreement, Lodha Developers is allocated 63% of the sales income from the potential development, with the remainder going to Sahana. The Parel-Sewree micro-markets are recognized as premium real estate locations within Mumbai.
Data from Q4 2025 indicates robust sales in Parel, with an average property rate of Rs 38,942 per square foot. Sewree also saw substantial transaction volumes, though its property rates slightly decreased year-on-year to Rs 59,295 per square foot by Q4 2025.
This strategic land acquisition aligns with Lodha Developers' broader strategy of diversifying its project portfolio through various acquisition modes, aiming for targeted margins and returns.
