Macrotech Developers, popularly known as the Lodha Group, has entered into a joint development agreement to develop a 20,468 sq. mtrs. land parcel in Wakad area, near the tech hub of Hinjewadi in Pune. The agreement, valued at Rs 165.3 crore, was formalised with Goelpushp Developers and Shri Balaji Ventures, according to registration documents sourced via Propstack.

As part of the agreement, Macrotech will undertake the project in collaboration with the Pune-based Goel Ganga Group. The landowners will receive 22.5 percent of the total revenue generated from the development, indicating a revenue-sharing model tailored to maximise mutual gains. The deal also involves a security deposit of Rs 25 crore, providing assurance and financial commitment from Macrotech Developers towards the project. The transaction, which was officially registered in March 2025, also entailed a stamp duty payment of Rs 8.26 crore.

The strategic location of the land in Wakad, a rapidly growing residential and commercial suburb of Pune with close proximity to Hinjewadi’s IT parks and business zones, makes the project a key addition to Macrotech’s expanding footprint in Western India. Known for premium residential and mixed-use projects, the company continues to explore asset-light models such as joint development agreements to fuel growth while optimising capital deployment.