The Lodha Group, also known as Macrotech Developers, has made a significant move in the Pune real estate market with the acquisition of a prime 2.82-acre land parcel in Hinjewadi. The deal, valued at ₹110 crore, was finalized on October 14, marking a strategic expansion for the Mumbai-based developer.
The newly acquired land is strategically located in Pune’s thriving IT corridor, offering direct access to the Mumbai-Pune Expressway. With a portion of the land designated as a Special Economic Zone (SEZ), the site holds potential for both residential and commercial developments, catering to the area’s growing demand.
This acquisition is part of Lodha Group’s broader strategy to strengthen its presence in Pune, following successful projects like Lodha Belmondo and a new development in Kharadi. Additionally, the recent acquisition of Goel Ganga Ventures India Private Limited further demonstrates the company’s commitment to the Pune real estate sector.
The Hinjewadi market remains dynamic, with residential property prices around ₹10,000 per square foot and Grade A office rents ranging from ₹50 to ₹60 per square foot. Despite a decline in property registrations in Pune, Hinjewadi continues to attract developers and buyers due to its proximity to the IT sector and excellent connectivity.
While the overall Pune property market has seen a decline in registrations, this trend may present opportunities for developers and investors with a long-term perspective. With the demand for prime real estate locations like Hinjewadi remaining strong, the acquisition by Lodha Group positions them well to capitalize on the region’s growing real estate market.
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