Macrotech expands Pune footprint with pact to develop a five-acre land parcel

Lodha will share 22.5% of the project revenue with Goel Ganga Developments.

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26 Aug, 2025 12:21

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Leading real estate player Macrotech Developers has signed a development agreement with Goel Ganga Developments for a 5.1-acre land parcel in Pune's western Wakad suburb, according to property registration documents accessed by Propstack.

With this project addition, Macrotech, also known as Lodha Group, now has 11 ongoing or completed projects in the Pune market.

Registration documents show that Macrotech paid a stamp duty of Rs 8.26 crore for the land, for a consideration of around Rs 165 crore. As part of the development agreement, Macrotech is expected to share 22.5 percent of the revenue with Goel Ganga Developments, from the project that is expected to come up at the site.

A spokesperson for Macrotech Developers declined comment. Moneycontrol has written to Goel Ganga Developments for regarding the deal, and the story will be updated once its responses are received.

Macrotech is due to declare its Q4 and FY25 financial results later on April 24.

The plot is owned by Goel Ganga Developments, one of the major real estate developers in Pune, which also has a commercial project, GO Square, in the vicinity of the land parcel to be developed by Macrotech. A number of large and listed developers have eyed the Wakad and surrounding markets due to its proximity to the Rajiv Gandhi Infotech Park in Hinjawadi, Pune's largest technology hub, as well as the arterial Katraj-Dehu Road bypass and the Mumbai-Pune Expressway.

Over the past two to three years, Lodha has undertaken significant business development activity across Pune, including Hinjawadi, Wakad, Kothrud, and elsewhere, with an aim to increase market share in the city, despite significant competition from both local as well as national players.

At 1:20pm on April 24, Macrotech's shares traded 3.4 percent lower at Rs 1,320.20 on the National Stock Exchange.