Lodha Developers Limited, a listed real estate developer from Mumbai, has signed a Joint Development Agreement (JDA) with Sahana Group of Companies for multiple land parcels. The land parcels, which spread across more than 10 acres, are located in Central Mumbai's Parel-Sewri area.

Lodha Developers has signed a ₹364 crore agreement with Sahana Properties and Resorts Pvt Ltd and Shahana Builders and Developers Pvt Ltd, according to the property registration documents.

• Under the Lodha brand name, the project will be developed across a total land area of 41,526 square metres, as per the property documents.
• The company paid a stamp duty of more than ₹37 crore for the transaction which was registered on February 11, 2026.
• Lodha will receive a revenue share of 63 percent, whereas Sahana Group of Companies is set to receive 37 percent, as stated in the documents.
• The project is slated for completion within a five-year construction window.

Abhishek Lodha, CEO and MD of Mumbai's Lodha Developers, recently noted that despite an oversupply of housing in certain redevelopment-heavy areas of the city, the Lodha brand continues to attract buyers. He attributed this sustained demand to the company's strong reputation for quality and its consistent track record of timely project delivery.

During a recent earnings call, Abhishek Lodha addressed inquiries about Mumbai's market demand by noting that customer footfalls and sales conversions have remained consistently stable over the last few quarters, meeting the company's annual projections. He acknowledged concerns regarding potential oversupply in specific Mumbai neighborhoods due to a surge in redevelopment projects but maintained that overall buyer interest remains steady.

With Lodha Developers' Joint Development Agreement with Sahana Group, it aims to launch a premium development project by the current quarter. Being one of the most trusted developers, the company believes that even with the oversupply of housing in Mumbai, its customer base is strong because it offers a quality standard of lifestyle.

The ₹364 crore agreement between Lodha Developers and Sahana Group represents a strategic, capital-efficient partnership designed to unlock the value of a high-potential 10-acre land parcel in central Mumbai.