Luxury Penthouses in Lodha Palava City Near Mumbai Fetch ₹16 Crore Each
Two luxury penthouses in Lodha Hanging Gardens, each measuring 4,754 sq ft, have been sold for nearly ₹16 crore, setting a new record for the locality.
Mumbai Real EstateLuxury PenthousesLodha Palava CityDombivliProperty PricesReal Estate MumbaiSep 09, 2025
The documents show that the two penthouses, located on the 35th floor of Lodha Hanging Gardens by Lodha Developers, were sold for ₹15.59 crore apiece. The units were sold along with 10 car parking spaces and were registered on August 29, with a stamp duty of ₹54.6 lakh and a registration fee of ₹60,000 paid.
According to the Maharashtra Real Estate Regulatory Authority (MahaRERA) website, the building is under construction and will be completed in March 2030. The two units have been purchased by individuals named Ali Asgar Khargunwala and Fatema Anguthiwala, the documents show.
In 2024, two apartments at the Lodha Palava project sold for over ₹7 crore, at rates of ₹14,000 and ₹15,000 per sq ft. However, the two penthouses sold last month at over ₹16,400 per sq ft set a new record for the area.
Apartments being constructed by Grade A developers in the vicinity of Lodha Palava City are being sold in the price range of ₹9,500 per sq ft to ₹11,000 per sq ft.
An email query sent to Lodha Developers did not get any response. The story will be updated if a response is received. The homebuyers could not be reached for comment.
### All about Palava City
Palava City, spread across 4,500 acres near Mumbai, could generate over ₹8,000 crore in annual revenue in the coming years, driven by residential and commercial developments, warehousing, industrial spaces, and a life sciences hub, Abhishek Lodha, managing director and CEO of Lodha Developers, had said last year.
According to the property registration documents accessed by Propstack, Amazon Data Services Pvt Ltd bought a 38-acre land parcel in Ambernath near Mumbai from Macrotech Developers, also known as Lodha Group, for ₹450 crore in November last year.
The company has maintained that the upcoming Mumbai-Ahmedabad bullet train station near its project and the 12-km-long Airoli-Katai Naka freeway, which is expected to open early next year, will boost connectivity with Navi Mumbai, which is home to several IT companies. The upcoming Navi Mumbai International Airport (NMIA) is also around an hour's drive from Palava City.
Frequently Asked Questions
What is the price per sq ft for the sold penthouses?
The penthouses were sold at ₹16,400 per sq ft.
Where are the penthouses located?
The penthouses are located on the 35th floor of Lodha Hanging Gardens in Lodha Palava City, Dombivli, near Mumbai.
When were the penthouses sold?
The penthouses were sold on August 29 and registered on the same date.
What additional amenities were included in the sale?
The sale included 10 car parking spaces.
What is the expected completion date of the building?
The building is expected to be completed in March 2030.
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