Lodha Developers Secures ₹365 Crore Joint Development Deal in Mumbai
Lodha Developers, one of India's leading real estate developers, has entered into a significant joint development agreement with Sahana Properties and Resorts and Sahana Builders and Developers. The deal, valued at ₹364.80 crore, involves the development of multiple land parcels located in the prestigious Parel-Sewree division of Mumbai. The total area of the land spans 41,526.07 square metres.
The agreement was officially registered on 11 February, with a stamp duty of ₹37.2 crore. As per the terms of the deal, Lodha Developers will receive 63% of the sale income from the potential development on the land, while the remaining 37% will be allocated to Sahana Properties and Resorts and Sahana Builders and Developers. Despite attempts to seek further details, Lodha Developers did not respond to email queries.
Parel and Sewree are renowned for their premium real estate market in Mumbai. According to data from Square Yards Data Intelligence, Parel recorded 404 new sale transactions with a gross sales value of ₹1,169 crore in 2025. As of the fourth quarter of 2025 (Q4 2025), the average property rate in the area stood at ₹38,942 per square foot, marking a slight increase from ₹38,329 per square foot in the same quarter the previous year.
Sewree, another prime location, saw 170 new sale transactions with a gross sales value of ₹852 crore in 2025. Property prices in Sewree as of Q4 2025 stood at ₹59,295 per square foot, a slight dip from ₹61,798 per square foot in Q4 2024. These figures highlight the continued demand and value in these high-end real estate markets.
In its Q3 FY26 investor presentation, Lodha Developers emphasized its strategic approach to land acquisition. The company noted that acquiring land through various modes, including aggregated land, outright purchase on a bilateral basis, auction redevelopment, and joint development agreements (JDAs) with landowners, allows it to select projects with targeted margins and returns from a large opportunity set.
This deal underscores Lodha Developers' commitment to expanding its footprint in premium real estate markets and leveraging strategic partnerships to drive growth and profitability. The Parel-Sewree division, with its rich history and ongoing development, presents a robust opportunity for the company to deliver high-quality projects that cater to the discerning needs of Mumbai's real estate market.
Lodha Developers, founded in 1984, has a strong track record of developing iconic residential and commercial projects across India. The company's focus on innovation, sustainability, and customer satisfaction has earned it a reputation as a leader in the real estate sector. With this new joint development deal, Lodha Developers continues to solidify its position in the Mumbai market, promising to bring forward projects that align with the evolving needs of the city's residents and businesses.
