Bengaluru: Actual property agency Lodha Builders Ltd has entered right into a joint growth settlement with Sahana Properties and Resorts Pvt Ltd and Sahana Builders and Builders Pvt Ltd, to develop round 10.26 acres of land in Mumbai’s Parel-Sewree space.
The settlement, registered on 11 February, was signed for a consideration of ₹365 crore, as per paperwork accessed by actual property knowledge analytics platform CRE Matrix.
Lodha and Sahana will assemble rehabilitation buildings for the prevailing dwellers, after which construct towers on the market on the land.
The entire space contains two essential plots with a number of housing societies and is a proposed slum redevelopment venture below the Slum Rehabilitation Authority (SRA), as per the paperwork. On Plot A, as an example, there are 1216 slum dwellers grouped into 11 societies.
Mumbai, the place land is scarce, has been witnessing a redevelopment frenzy, with high builders signing initiatives to redevelop outdated housing societies and slum pockets.
“This joint growth settlement within the Sewree–Parel belt, with a consideration worth of ₹365 crore and ₹37 crore stamp responsibility, displays sustained institutional curiosity in Mumbai’s jap hall,” stated Abhishek Kiran Gupta, chief govt officer, CRE Matrix. “Knowledge from CRE Matrix signifies regular land worth resilience in infrastructure-led micro-markets regardless of elevated acquisition prices, signalling continued long-term confidence in Mumbai’s redevelopment-driven housing demand.”
Lodha Builders declined to touch upon the matte. Sahana Group couldn’t be instantly reached.
The Sahana Group, led by Sudhakar Shetty, is understood for taking over slum redevelopment initiatives in Mumbai, and has partnered with numerous builders previously, together with Oberoi Realty.
Lodha Builders, as a part of its technique, acquires land by way of outright purchases and joint growth agreements with land companions.
As an example, it has a venture with Valor Property Ltd in suburban Mumbai’s Malad (west), below a income and space share association.
Lodha Builders added 5 new initiatives through the December-ended quarter with a gross growth worth (GDV) of ₹33,800 crore throughout the Mumbai Metropolitan Area (MMR), Nationwide Capital Area (NCR) and Bengaluru.
The firm reported a 14.4% year-on-year rise in income from operations to ₹4,672.5 crore and a 1.36% enhance in web revenue to ₹957.7 crore within the December quarter.
It recorded its best-ever quarterly pre-sales or gross sales bookings of ₹5,620 crore within the third quarter of 2025-26, up 25% from a yr in the past. Within the first 9 months of FY26, its pre-sales stand at ₹14,640 crore.
The developer has a big launch pipeline deliberate for the continuing January-March quarter, which is anticipated to help the achievement of its full-year pre-sales steering of ₹21,000 crore.
Whereas the general actual property market is displaying some indicators of plateauing, the nation’s high 4 bestselling builders proceed to promote nicely. India’s high 4 builders—DLF Ltd, Godrej Properties Ltd, Lodha Builders, and Status Estates Tasks Ltd—are collectively aiming to cross ₹1 trillion in residential gross sales in 2025-26, marking the strongest yr but for branded gamers.