Lodha Developers has secured development rights for a 17,403 square metre land parcel in South Mumbai's Malabar Hill, entering into a ₹106 crore agreement with the Sorabji Kanga Charity Trust. The transaction unlocks significant redevelopment potential in one of India's most premium residential micro-markets, with an estimated total project value of nearly ₹2,800 crore, according to property documents.

The agreement was executed on January 7, 2026. The land parcel, measuring over four acres (17,403 sq m), is owned by the Sorabji Kanga Charity Trust. The transaction attracted a stamp duty of ₹37 crore.

Under the terms of the agreement:

• Lodha Developers will receive 57.5% of the total Floor Space Index (FSI), translating into more than 36,000 sq m of development potential.
• The Sorabji Kanga Charity Trust will retain 42.5% of the project share.

As part of its retained share, the trust will receive:

• 5,017 sq m of RERA carpet area
• 150 car parking spaces

The value of the trust's allocated built-up space is estimated at around ₹1,407 crore. The total estimated potential value of the entire development stands at approximately ₹2,761 crore.

The project is expected to have a construction timeline of five years. Lodha Developers will undertake branding and marketing for its share of the development.

Earlier, on February 11, 2026, Lodha Developers signed a ₹364 crore joint development agreement for multiple land parcels spanning over 10 acres in Central Mumbai's Parel-Sewri corridor.

The agreement was executed with Sahana Properties and Resorts Pvt Ltd and Shahana Builders and Developers Pvt Ltd, both part of the Sahana Group. As per the arrangement:

• Revenue sharing stands at 67% for Lodha Developers
• 37% for the Sahana Group

The total land area involved in the Parel-Sewri project is 41,526 sq m, with a development timeline of five years. The project will be launched under the Lodha brand.

Read more: ₹364 Crore Joint Development Deal: Lodha and Sahana Eye Parel-Sewri Growth

Malabar Hill remains one of Mumbai's most prestigious and supply-constrained luxury markets. By acquiring development rights instead of outright land ownership, Lodha Developers is expanding its ultra-premium pipeline while optimising capital allocation.

The combination of a revenue-sharing model and premium location positioning indicates a strategy focused on high-value, low-volume luxury housing in central and south Mumbai.

The ₹106 crore Malabar Hill development rights deal adds another marquee location to Lodha Developers' South Mumbai portfolio. With a projected development value nearing ₹2,800 crore and a five-year construction horizon, the project strengthens the company's presence in the ultra-luxury segment. Combined with its recent ₹364 crore Parel-Sewri agreement, Lodha appears to be consolidating its footprint across Mumbai's most strategic redevelopment corridors.