Lodha Signs Joint Development Agreement For Parel–Sewri Land

The site in Parel–Sewri occupies a strategic location within central Mumbai and offers opportunities for urban redevelopment given its proximity to transport links and established neighbourhoods. The parties have agreed to pursue statutory approvals and detailed project planning before commencing construction activity. The arrangement is described as a long-term development collaboration focused on unlocking the value of the site. Stakeholders will monitor progress as statutory milestones are reached.

For Lodha Developers, the deal reinforces its pipeline of land parcels available for development in the Mumbai metropolitan area and is expected to expand its capacity to deliver built assets. For Sahana Group, partnering with a developer on a joint development agreement provides a route to monetise land holdings while retaining a share in future realisation. The structure aligns incentives to complete the project efficiently and to move through planning milestones. Market reception and execution pace will shape the ultimate returns for both parties.

The financial terms and timetable for completion will depend on regulatory clearances and market conditions, with returns to be realised as phases of development are sold or leased. Both parties will need to coordinate with municipal authorities and service providers to meet infrastructure and compliance requirements. The agreement signals continued investor interest in central Mumbai land parcels and may encourage further collaborative ventures between land owners and developers. Further disclosures will be issued.