Lodha Group Acquires ₹110 Crore Land Parcel in Pune's Hinjewadi

The purchase marks Lodha's strategic expansion into Pune's burgeoning IT hub, boosting their market presence.

Lodha Group, officially known as Macrotech Developers, has purchased a 2.82-acre land parcel in Hinjewadi, Pune for ₹110 crore.
Hinjewadi is a key location due to its proximity to the Mumbai-Pune Expressway and its status as a major IT hub.
This acquisition is part of Lodha's strategic entry into Pune's real estate market, following their earlier project, Lodha Belmondo.
The transaction, registered on October 14, 2024, involved a stamp duty payment of ₹6.64 crore.
Lodha's shares rose by nearly 6% following the announcement, reflecting positive investor sentiment.