Lodha’s Bold Bet: 20,468 sqm Wakad Plot Poised for Premium Makeover

In a landmark deal to redefine Pune's real estate sector, Macrotech Developers (Lodha Group) has signed an upscale development pact for the premium 20,468 sqm (5.1-acre) land in Wakad, Pune's fast-growing western suburb. The deal worth around ₹165 crore was signed with Goel Ganga Developments, with Lodha shelling out a stamp duty of ₹8.26 crore. Under the deal, Goel Ganga shall get a 22.5% stake in the revenue of the project and Lodha holds the rest 77.5%—an arrangement based on faith in the region's real estate boom.

 

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Sources: Moneycontrol, Economic Times, Lodha Group