Lodha Group (Macrothech Developers) inks JV Deals in Pune with Goel Ganga Developers

Lodha Group (Macrothech Developers) inks JV Deals in Pune with Goel Ganga Developers

Lodha Group Returns to Pune Market with Massive New Residential Project. Macrotech Developers, a leading real estate developer, has announced a significant project in Pune. Lodha Group has signed JV Deals in Pune with Goel Ganga Developers.

Project Highlights:

• Location: NIBM Road, South Pune (12-acre land parcel)
• Project Type: Premium residential project with some retail and workspaces
• Estimated Area: 1.5 million sq ft
• Estimated Investment: Rs 700 crore
• Estimated Revenue: Rs 1,100 crore

Strategic Expansion:

• This project marks Lodha Group’s return to the Pune market after nearly a decade.
• Abhishek Lodha, Managing Director, emphasizes their belief in Pune’s potential as a top-tier Indian city and their commitment to expanding their presence in the area.
• Lodha Group aims to replicate their success in creating premium living spaces in Pune, similar to their projects in London and Mumbai.

Project Details:

• This will be one of the tallest buildings in the NIBM area, offering panoramic city views.
• The project will feature a variety of apartment configurations, including 2, 3, and 4-bedroom options.
• The development will be completed in phases, with the first phase offering around 400 apartments and a targeted completion within 3 years. Construction is expected to begin shortly.

Market Trends:

• The news article mentions the ongoing consolidation in the real estate sector, favouring established players like Lodha Group.
• Factors like strong financials, better sales performance, and increased market share position large developers for success in the current market conditions.

This new venture signifies Lodha Group’s significant investment in the Pune market, offering high-quality residential spaces and catering to the growing demand for premium living options.

 

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in