Lodha’s Bold Bet: 20,468 sqm Wakad Plot Poised for Premium Makeover

Image Source: Free Press Journal

In a landmark deal to redefine Pune's real estate sector, Macrotech Developers (Lodha Group) has signed an upscale development pact for the premium 20,468 sqm (5.1-acre) land in Wakad, Pune's fast-growing western suburb. The deal worth around ₹165 crore was signed with Goel Ganga Developments, with Lodha shelling out a stamp duty of ₹8.26 crore. Under the deal, Goel Ganga shall get a 22.5% stake in the revenue of the project and Lodha holds the rest 77.5%—an arrangement based on faith in the region's real estate boom.

Key Highlights:

Strategic Location: The story is located at Wakad, a rapidly growing micro-market sought after for its closeness to the Rajiv Gandhi Infotech Park in Hinjawadi, good connectivity through the Mumbai-Pune Expressway, and the coming Pune Metro, placing it extremely desirable for homebuyers as well as investors.
Lodha's Expansion: With this deal, Lodha has 11 upcoming or already delivered projects in Pune, strengthening its aggressive quest to gain a greater market share in the city's most promising roads.
Market Momentum: The deal arrives when property registrations and stamp duty receipts set new records in Pune, indicating strong demand and upbeat buyer sentiment.
Project Vision: Though specific details are kept under wraps, the project is anticipated to include luxury residential units in line with Lodha's prestige for high-end and cutting-edge living in city centres.
Industry Impact: The transaction underlines the increasing demand by national developers for Pune's upcoming hotspots, marking sustained momentum in the city's real estate market.