Macrotech Developers Acquires 2.8 Acre Plot in Pune s Hinjewadi from Paranjape Schemes
Realty developer Lodha, operating as Macrotech Developers, has acquired a 2.8-acre land parcel in Pune's Hinjewadi from Paranjape Schemes Constructions for around Rs 111 crore. This plot, part of a larger 120-acre integrated township under Paranjape Schemes, was previously mortgaged by Paranjape Realty Spaces to secure a loan from ASK Real Estate Special Opportunities Fund II and III. A no-objection certificate for the sale was obtained from ASK, and Lodha has paid Rs 6.64 crore in stamp duty for the transaction registered on October 14, as per data from real estate analytics firm CRE Matrix.
The transaction is part of a broader trend in India's property market, where land parcel deals are gaining traction in high-growth cities like Mumbai, Pune, Chennai, Hyderabad, and Bengaluru. These deals include outright acquisitions and joint ventures, as developers and investors increasingly seek prime sites for new developments. Multiple land transactions have either been finalized or are in advanced stages, reflecting strong demand and an optimistic outlook for urban real estate in these metropolitan hubs.
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