Lodha Developers has entered into a joint development agreement valued at ₹364.80 crore with Sahana Properties and Resorts and Sahana Builders and Developers. The landowners are part of the Sahana Group.
As per the news reports, the agreement covers several land parcels in Mumbai’s Parel-Sewree division, with a combined area of 41,526.07 square metres. The transaction was registered on 11 February, and stamp duty of ₹37.2 crore was paid.
Under the revenue-sharing arrangement, Lodha Developers will receive 63% of the sale proceeds from the proposed project, while the remaining 37% will go to the landowners. The details of the deal were accessed through Propstack, a real estate data analytics firm.
The Parel and Sewree belt remains an active residential market within Mumbai. Data from Square Yards Data Intelligence shows that Parel recorded 404 sale transactions in 2025, generating a gross sales value of ₹1,169 crore.
Average property prices in Parel stood at ₹38,942 per square foot in the 4th quarter of 2025, compared with ₹38,329 per square foot in the same quarter of the previous year.
In Sewree, 170 transactions were recorded in 2025, with a gross sales value of ₹852 crore. Average prices in the locality were ₹59,295 per square foot in Q4 2025, lower than ₹61,798 per square foot a year earlier.
In the third quarter of FY26, Lodha Developers reported a net profit of ₹956.9 crore, showing year-on-year increase of 1.32%. Pre-sales during the quarter rose 25% year-on-year to ₹5,620 crore.
In its Q3 FY26 investor presentation, the company stated that it acquires land through multiple routes, including joint development agreements, outright purchases, and redevelopment projects.
Read More: Lodha Developers Share Price in Focus; to Buy Majority Stake in Solidrise Realty in ₹294 Crore Deal!
As of February 23, 2026, 11:27 am, Lodha Developers share price was trading at ₹1,070.10, a 0.098% decrease from the previous closing price.
The agreement adds central Mumbai land under a revenue-sharing structure. A premium residential project is expected to be launched during the current quarter.
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Published on: Feb 23, 2026, 12:00 PM IST
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