Macrotech Developers, also known as Lodha Group, has recently acquired a 2.82-acre land parcel in Hinjewadi, Pune, for ₹110 crore. The transaction, which was registered on October 14, involved Pune-based real estate developer Paranjape Schemes Construction Limited as one of the sellers. The property is strategically located in Hinjewadi, a prime information technology hub of Pune, offering easy access to the Mumbai-Pune Expressway.
This acquisition marks another milestone for Lodha Group in expanding its presence in Pune’s real estate market. Lodha’s first project in Pune, Lodha Belmondo, is situated near the Mumbai-Pune Expressway, and the company further ventured into the city with a project in Kharadi in 2023. Additionally, in January 2024, Lodha finalized agreements for acquiring a 100% stake in Pune-based Goel Ganga Ventures India Private Limited (GGVIPL), signaling its growing interest in the Pune market.
The newly acquired land in Hinjewadi is part of a micro-market that is highly sought after due to its proximity to the IT sector, making it an ideal location for future development. A portion of the land is also designated as a Special Economic Zone (SEZ), adding further value to the property.
The total cost of the land transaction includes a stamp duty of ₹6.64 crore and a registration fee of ₹30,000. With this strategic acquisition, Macrotech Developers is set to strengthen its foothold in Pune’s thriving real estate sector, which continues to attract investment and development opportunities.
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