Parakh Foods Acquires 6-Acre Land in Ambernath from Lodha Developers for ₹49 Crore

Parakh Foods and Oils Limited has acquired nearly six acres of land within a logistics park developed by Lodha Developers Limited in Ambernath, near Mumbai, for ₹49.11 crore, according to documents accessed by Propstack.

The deal, registered on February 27, 2026, involves a land parcel measuring about 24,260 square metres (about 5.99 acres) at Lodha Industrial and Logistics Park II. The transaction was charged at ₹20,250 per square metre, or about ₹8.20 crore per acre, as per the Conveyance Deed.

Ambernath, part of the Mumbai Metropolitan Region, is emerging as a preferred industrial and warehousing hub due to strong connectivity and relatively lower land costs compared to core city areas. The region's strategic location and access to major highways and ports make it an attractive destination for companies looking to expand their logistics and manufacturing capabilities.

Lodha Developers, a leading real estate developer in India, has been actively acquiring and developing land in and around Mumbai. The company recently acquired development rights for a land parcel owned by the Sorabji Kanga Charity Trust in South Mumbai’s Malabar Hill for ₹106 crore, with an estimated development potential of nearly ₹2,800 crore. The trust-owned land measures 17,403 sq m (over four acres), and the transaction was registered with a stamp duty payment of ₹37 crore.

As per the agreement, Lodha Developers will receive a 57.5% share of the total Floor Space Index (FSI), while the trust will retain the remaining 42.5%. This deal further cements Lodha Developers' position in the Mumbai real estate market, where they continue to play a significant role in shaping the city's landscape.

In another significant transaction, RSVM Hospitality Private Limited purchased more than 18 acres of land in Thane for over ₹497 crore from two companies belonging to the Neterwala Group, according to property registration data accessed by Propstack. The land parcels are located in the Majiwada area of Thane and were acquired through two separate transactions registered on February 20, 2026.

In the first deal, RSVM Hospitality purchased 32,984 square metres of land from Chemicals and Ferro Alloys Private Limited for ₹239.9 crore. In the second transaction, RSVM Hospitality acquired 40,936 square metres of land from Uni Abex Alloy Products Limited for ₹257.8 crore.

These transactions highlight the ongoing trend of companies investing in strategic land acquisitions to support their growth and expansion plans in the Mumbai Metropolitan Region. The region's robust infrastructure and economic prospects make it a lucrative market for both industrial and residential real estate developments.