Lodha Developers Limited has entered into a registered joint development agreement with Sahana Group entities for a large land parcel in the Parel–Sewri belt of Central Mumbai. The reported transaction metrics point to a rare, scale-sized redevelopment canvas by island-city standards.
By Arosh John, Founder, John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief, Thane Real Estate News (TREN)
Mumbai | 24 February 2026
Central Mumbai does not produce new supply the easy way. It is rebuilt, consolidated, and phased—often over years. That is why large, contiguous redevelopment canvases are treated as pipeline assets: once rights are secured, future inventory becomes controllable.
This Lodha Developers–Sahana arrangement sits firmly in that category.
Transaction Snapshot (As Reported)
| Feature | Details |
|---|---|
| Developer | Lodha Developers Limited |
| Landowners | Sahana Properties & Resorts Pvt Ltd / Sahana Builders & Developers Pvt Ltd |
| Total Area | 41,526.07 sq m (~10.26 acres) |
| Consideration | ~₹364.8 crore |
| Stamp Duty | ~₹37.2 crore |
| Revenue Share | ~63%–67% (Lodha Developers) (reported; varies by parcel in reporting) |
| Horizon | ~5 years (reported) |
| Micro-Location | Parel–Sewri (reported) |
Scale In A Supply-Constrained Market
In the island city, most redevelopment opportunities are small and fragmented—single societies, narrow plots, and difficult edges. A ~10-acre-plus land parcel changes what can be planned and delivered:
- cleaner site planning and internal circulation
- phased inventory creation (rather than a single tight launch window)
- flexibility on unit mix and product positioning across cycles
- scope for better amenities and open-space programming than typical smaller redevelopments
Put simply: in Central Mumbai, size is strategy.
A joint development agreement (JDA) is generally used to secure development control while allowing landowners to participate in project economics. In dense redevelopment pockets, JDAs are common because the land is rarely “simple”—titles, occupancies, consents, and sequencing can require a structure that aligns multiple stakeholders without treating the asset like a straightforward land purchase.
Also READ: Godrej Properties Signs Thane JDA for 18 Acres; Guides ₹7,500 Crore+ Revenue Potential
Also READ: Lodha Khopoli: Developer’s Next Footprint on the Mumbai–Pune Growth Corridor
About The Author
Arosh John is the Founder of John Real Estate (MahaRERA Reg. No. A51700001835) and the Editor-in-Chief of Thane Real Estate News (TREN). With over a decade of on-ground transaction experience across Thane and the wider Mumbai Metropolitan Region, he is known for decoding the market at the micro level—pricing behaviour, resale liquidity, buyer psychology, regulatory process, and deal execution. His work blends real-world advisory with editorial clarity, helping end-users and investors understand how land, approvals, and supply pipelines translate into real pricing power.
Disclaimer
This article is an editorial explainer prepared for information purposes. The land area, consideration value, stamp duty, revenue-share ranges, micro-location reference, registration timing, and timeline stated above are based on publicly reported information and may change as additional records, approvals, and official disclosures emerge. Readers should independently verify all details through official documentation before making any investment or purchase decision. All brand names, company names, product names, and trademarks referenced in this article—including logos and marks—are the property of their respective owners. Their use is strictly for identification and editorial/informational purposes and does not imply any affiliation, sponsorship, endorsement, or association with Thane Real Estate News (TREN), John Real Estate, or the author.
