Goel Ganga Group Joins Lodha's Pune Expansion in Wakad

Macrotech Developers, widely known as the Lodha Group, has entered into a joint development agreement with Goelpushp Developers and Shri Balaji Ventures for a 20,468 sq. mtr. land parcel in Wakad, near Pune’s Hinjewadi tech hub. Valued at ₹165.3 crore, the deal was registered in March 2025 and includes a stamp duty payment of ₹8.26 crore.

The project will be executed in collaboration with the Pune-based Goel Ganga Group, under a revenue-sharing model where the landowners will receive 22.5% of the total revenue. Macrotech has also provided a ₹25 crore security deposit as part of its financial commitment.

Strategically located in Wakad—a fast-growing residential and commercial suburb—the project reinforces Macrotech’s focus on Western India and its continued preference for asset-light, joint development models to drive expansion and capital efficiency.

News by Rahul Yelligetti.