Lodha Secures Malabar Hill Rights in Rs. 106 Cr Deal

Lodha Developers has acquired development rights for a land parcel owned by the Sorabji Kanga Charity Trust in Malabar Hill, South Mumbai, for a consideration of ₹106 crore, according to property registration documents accessed by Propstack.

The agreement was executed on January 7, 2026, for a trust-owned land parcel measuring 17,403 sq m (over four acres). The transaction attracted a stamp duty payment of ₹37 crore.

Under the agreement, Lodha Developers will receive a 57.5% share of the total Floor Space Index (FSI).

Key Highlights

• Lodha acquires Malabar Hill development rights for ₹106 crore
• Project unlocks ₹2,761 crore total development potential
• Separate ₹364 crore JDA signed for 10-acre Parel–Sewri project

This translates into more than 36,000 sq m of development potential, while the trust will retain the remaining 42.5% share.

The trust will receive 5,017 sq m (approximately 54,000 sq ft) of RERA carpet area, designated as trust premises, along with 150 car parking spaces. The value of this allocation is estimated at over ₹1,407.13 crore, while the total potential value of the entire development is approximately ₹2,761 crore. The project has a five-year construction timeline, with Lodha expected to brand and market its share of the development.

Separately, on February 11, 2026, Lodha Developers signed a ₹364 crore joint development agreement (JDA) for multiple land parcels spanning over 10 acres in the Parel–Sewri belt of central Mumbai with Sahana Properties and Resorts Pvt Ltd and Shahana Builders and Developers Pvt Ltd.

Also Read: Lodha Developers Sees Continued Growth Amid Market Consolidation

The revenue sharing ratio is 67% for Lodha Developers and 37% for Sahana Group, with a five-year construction period. The total land area is 41,526 sq m, and the project will be developed under the Lodha brand.