Mumbai-based listed real estate major Lodha Developers Limited has signed a ₹364-crore joint development agreement (JDA) for over 10 acres of land in the Parel–Sewri belt of central Mumbai, marking a significant addition to its redevelopment portfolio in the city.

The agreement, executed with Sahana Group entities and registered on February 11, 2026, outlines a five-year construction timeline and a revenue-sharing arrangement that will see Lodha retain the majority stake in the premium project slated for launch this quarter under the Lodha brand.

The transaction was registered on February 11, 2026, and a stamp duty of over 37 crore was paid, according to the documents, according to a report by The Hindustan Times.

The documents show that, as part of the JDA, the revenue sharing between the two companies is set at 67 per cent for Lodha Developers and 37 per cent for Sahana Group of Companies. According to the documents, the project’s construction period is five years.

The total land area is 41,526 sq mtrs, and the project will come up under the brand name Lodha, the documents show.

“We have entered into a deal with Sahana Group. We will be launching a premium development this quarter. We not only deliver the very best but are also known for being amongst the most trusted companies across the globe,” said a spokesperson of Lodha Developers Ltd.

Mumbai-based real estate developer Lodha Developers’ CEO and MD, Abhishek Lodha, was in the news last week for stating that while pockets of Mumbai are witnessing heavy redevelopment, resulting in oversupply, the overall sales performance and buyer interest continue to be driven by the strength of the Lodha brand and its ability to deliver high-quality projects on time.

“We believe that while there are pockets of oversupply in Mumbai, the demand for the kind of product that we do and the lifestyle standards that we offer is really strong,” Lodha had said.