Lodha to Buy 3.4-Acre Land in Jogeshwari for Housing
A well-known real estate company is planning to purchase a 3.4-acre land parcel in Jogeshwari West, Mumbai. The land is currently owned by a pharmaceutical company, and the deal is expected to be valued at over Rs 279 crore.The property, situated at an established estate off a major road, was previously used as a corporate office but was not active for business operations.
The current owner has already relocated its office to another part of the city. The transaction has received board approval and is now awaiting final registration.This acquisition is part of the real estate firm’s strategy to expand its footprint in Mumbai’s western suburbs. The company has already developed projects in multiple locations, including prominent neighborhoods in the city. The newly acquired land is expected to be transformed into a premium residential project
catering to high-end buyers and investors.The expansion aligns with the company’s larger growth plan, which has seen it secure eight new projects across Mumbai, Bengaluru, and Pune in the first nine months of the ongoing financial year. These projects have a combined gross development value of approximately Rs 19,500 crore.With growing demand for modern residential spaces, this new development in Jogeshwari is expected to attract homebuyers looking for quality housing in a well-connected area. The deal reflects ongoing trends in Mumbai’s real estate sector, where developers continue to invest in strategic land parcels for future growth.
