Lodha Developers Limited has signed a ₹364.8 crore joint development agreement with Sahana Group entities for 10 acres of land in Mumbai’s Parel–Sewri belt. The deal, registered on February 11, 2026, marks a major redevelopment push in central Mumbai, strengthening Lodha’s footprint in the city’s high-value real estate market.
Mumbai’s real estate landscape witnessed a significant development as Lodha Developers Limited, one of India’s leading listed property firms, entered into a joint development agreement (JDA) worth ₹364.8 crore with Sahana Properties and Resorts Pvt Ltd and Sahana Builders and Developers Pvt Ltd. The agreement covers multiple land parcels spanning over 41,526 sq. metres (approximately 10.26 acres) in the Parel–Sewri belt, a prime redevelopment zone in central Mumbai.
This strategic collaboration underscores Lodha’s continued focus on central Mumbai, where redevelopment opportunities are reshaping the city’s urban fabric. The project is expected to be completed within five years, with revenue-sharing arrangements benefiting the landowners.
Key Highlights
-
Lodha Developers signed a ₹364.8 crore JDA with Sahana Group entities for 10.26 acres in Parel–Sewri
-
The deal was registered on February 11, 2026, according to property documents accessed via CRE Matrix and Propstack
-
Land parcels measure 41,526 sq. metres, making it one of the largest redevelopment projects in central Mumbai
-
The agreement involves revenue-sharing between Lodha Developers and Sahana Group, ensuring mutual benefit
-
Project completion is targeted within five years, reinforcing Lodha’s strong presence in Mumbai’s redevelopment market
-
The Parel–Sewri belt continues to attract large-scale investments, reflecting rising demand for modern residential and commercial spaces
Sources: Economic Times, Business Standard, CRE Matrix, Propstack