Media reports citing registration-document details indicate that Lodha has signed for development rights on a 17,403.20 sq m (4.3-acre) Malabar Hill parcel owned by Sorabji Kanga Charity Trust, with a consideration of ₹106.12 crore and ₹37.42 crore in stamp duty. Reports also peg the project’s sales potential (GDV) at nearly ₹2,800 crore.
By Arosh John, Founder, John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief, Thane Real Estate News (TREN)
Mumbai | 26 February 2026
Lodha Developers Limited has acquired development rights for a 17,403.20 sq m (4.3-acre) land parcel at Malabar Hill, South Mumbai. The agreement with the landowner, Sorabji Kanga Charity Trust, was executed on 7 January 2026.
Media reporting based on registration-document details indicates the transaction involves a consideration of ₹106.12 crore and a stamp duty payment of ₹37.42 crore. While this reflects the acquisition of development rights, the documented market value mentioned in reports is ₹621.71 crore.
Transaction Snapshot
- Location: Malabar Hill, South Mumbai
- Land Area: 17,403.20 sq m (4.3 acres)
- Landowner: Sorabji Kanga Charity Trust
- Consideration: ₹106.12 crore
- Stamp Duty: ₹37.42 crore
- Execution Date: 7 January 2026
- Documented Market Value Mentioned In Reports: ₹621.71 crore
- Estimated Sales Potential (GDV) Mentioned In Reports: Nearly ₹2,800 crore
Rights Structure And Trust Deliverables
The reported development framework includes a 42.5% participation/share for the Sorabji Kanga Charity Trust. In addition to the monetary consideration, reports state the trust is entitled to specific deliverables within the project, including 5,017 sq m of RERA carpet area (54,000 sq ft) designated as trust premises and 150 car parking spaces.
MHADA Handover Under DCPR 2034
Media reports further state that, under DCPR 2034, the developer is expected to hand over 38,990.48 sq m of built-up area to MHADA. This is a standard but significant regulatory obligation that directly impacts feasibility and net saleable calculations in South Mumbai redevelopment.
What Sits On The Parcel
Reports referencing the underlying documents state the parcel includes a chawl, six bungalows, and the Palacimo Co-operative Housing Society. The same reporting indicates the redevelopment scope excludes the Palacimo Co-operative Housing Society.
Why This Transaction Sets A Benchmark
The transaction serves as a reference point for large, trust-owned land redevelopment in South Mumbai, where outcomes are shaped by the mix of upfront consideration, participation/share structures, defined trust deliverables, and statutory handovers. With the GDV estimated at nearly ₹2,800 crore, the reported structure underlines the premium that large, contiguous parcels continue to command in Malabar Hill.
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About The Author
Arosh John is a Thane real estate expert and the Founder of John Real Estate (MahaRERA Reg. No. A51700001835), and the Editor-in-Chief of Thane Real Estate News (TREN). With 12+ years of transaction-led experience, he is known for micro-market intelligence across Thane and the wider Mumbai Metropolitan Region, advising investors and end-users across luxury apartments, villa communities, resale liquidity strategy, and NRI-focused acquisitions. His work focuses on translating infrastructure, regulation, and supply cycles into clear, decision-grade real estate guidance.
Disclaimer
This report is based on publicly reported registration-document details and media coverage. It is provided for general information and does not constitute legal, tax, financial, or investment advice. All logos, trademarks, and brand marks belong to their respective owners; their use here is for editorial identification only, and no endorsement is implied.
