Shares of Lodha Developers are drawing attention after the real estate major signed a joint development agreement (JDA) worth ₹364.80 crore in Mumbai. The agreement has been executed with Sahana Properties and Resorts and Sahana Builders and Developers, entities belonging to the Sahana Group.
The transaction involves multiple land parcels located in the Parel–Sewree division, a prominent residential and redevelopment zone in central Mumbai.
Land Parcel and Transaction Details
According to reports, the agreement covers a total land area of approximately 41,526.07 square metres. The deal was officially registered on 11 February, with stamp duty amounting to ₹37.2 crore paid as part of the transaction.
The Parel–Sewree stretch has witnessed consistent redevelopment activity over the past decade, supported by infrastructure upgrades and proximity to key commercial hubs.
Revenue-Sharing Structure
Under the terms of the joint development agreement, Lodha Developers will receive 63% of the total sales revenue generated from the upcoming project. The remaining 37% will be allocated to the landowners.
The revenue-sharing model enables the developer to undertake construction and marketing responsibilities while limiting upfront land acquisition costs. The details of the agreement were sourced from Propstack, a real estate data analytics platform.
Joint development arrangements have increasingly become a preferred route for large developers in land-constrained markets like Mumbai, allowing them to expand their project pipeline without outright land purchases.
Market Dynamics in Parel and Sewree
The Parel and Sewree micro-markets continue to remain active residential zones within Mumbai’s central region.
Data from Square Yards Data Intelligence indicates that Parel recorded 404 property transactions in 2025, generating a total gross sales value of ₹1,169 crore. The average property price in Parel during the fourth quarter of 2025 stood at ₹38,942 per square foot, marginally higher than ₹38,329 per square foot recorded in the same quarter of the previous year.
Sewree, another emerging residential pocket, registered 170 transactions in 2025, with a gross sales value of ₹852 crore. However, average prices in Sewree declined slightly to ₹59,295 per square foot in Q4 2025, compared to ₹61,798 per square foot a year earlier.
The region’s appeal is supported by improved connectivity and ongoing infrastructure projects, which continue to shape buyer interest.
Financial Performance of Lodha Developers
In its third-quarter results for FY26, Lodha Developers reported a net profit of ₹956.9 crore, reflecting a year-on-year growth of 1.32%. Pre-sales during the quarter rose 25% compared to the previous year, reaching ₹5,620 crore.
In its investor presentation for Q3 FY26, the company highlighted its diversified land acquisition strategy, which includes joint development agreements, outright land purchases, and redevelopment projects.
The newly signed agreement aligns with this approach, strengthening Lodha’s development pipeline in Mumbai’s central corridor.
Summary
Lodha Developers has signed a ₹364.80 crore joint development agreement for land parcels spanning over 41,526 square metres in Mumbai’s Parel–Sewree area. Under the revenue-sharing structure, the company will receive 63% of project sales proceeds. The region remains an active residential market, with steady transaction volumes and pricing trends. The deal complements Lodha’s strategy of expanding through joint development agreements, alongside solid financial performance in Q3 FY26.
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