Overview

• 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.