Lodha Developers Limited has formalised a joint development agreement (JDA) with Sahana Group entities to develop multiple land parcels spanning 10 acres in Mumbai’s central Parel–Sewri corridor. The agreement, valued at ₹364 crore, positions the project as a significant residential addition in one of Mumbai’s high-demand urban districts. Registered on February 11, 2026, the transaction involved a stamp duty payment exceeding ₹37 crore, highlighting its sizeable financial and civic footprint.
The JDA stipulates revenue sharing in favour of Lodha Developers at 67 per cent, with the Sahana Group receiving 37 per cent. Construction is planned over a five-year period, with the development operating under the Lodha brand. Urban analysts note that such agreements are increasingly leveraged by developers to optimise land use, mitigate financial exposure, and accelerate project timelines while maintaining quality standards in dense urban contexts. Parel, long recognised as a central business and residential micro-market, has seen sustained redevelopment in recent years. The area’s strategic location within Mumbai, coupled with proximity to transit hubs, hospitals, educational institutions, and commercial clusters, ensures continued demand for high-quality residential units. Infrastructure improvements in the vicinity, including mass transit enhancements and corridor upgrades, are expected to further increase accessibility and long-term investment potential.
A senior official from Lodha Developers highlighted that the project aims to deliver premium residential offerings, integrating design, sustainability, and lifestyle considerations aligned with the brand’s established standards. Observers point out that in central Mumbai micro-markets, large-scale developments can mitigate urban pressures by incorporating structured open spaces, amenity clusters, and sustainable construction practices, contributing to more liveable communities. Industry experts underscore that Mumbai’s real estate market demonstrates a dual reality: while pockets of oversupply exist due to concentrated redevelopment, demand remains robust for projects delivering reliable quality, lifestyle integration, and timely completion. Large-format developments in central zones, such as this Parel project, cater to discerning buyers seeking both investment security and urban convenience. By combining strategic land acquisition with brand credibility, developers are able to navigate market fluctuations effectively.
The project is expected to reinforce Lodha Developers’ presence in Mumbai’s central corridors, complementing the company’s ongoing portfolio of high-end residential and mixed-use developments. Urban planners emphasise that such initiatives, when aligned with sustainable building practices and integrated infrastructure planning, can enhance city resilience, improve housing stock, and support equitable urban growth. With construction anticipated to span five years, the Parel project represents both a long-term investment in Mumbai’s evolving urban fabric and a model for responsible, large-scale redevelopment in high-density city environments.
Lodha Announces Rs 364 Crore Residential Deal in Parel Sewri
