India, April 24 -- Macrotech Developers Ltd, also known as the Lodha Group, has inked a joint development agreement worth Rs.165.3 crore to develop a plot measuring 20,468 sq m in Pune's Wakad area, near Hinjewadi, according to registration documents accessed by Propstack.

The company acquired the land from Goelpushp Developers LLP and Shri Balaji Ventures. Under the agreement, Macrotech will collaborate with Pune-based Goel Ganga Group and share 22.5% of the revenue generated from the project with the landowners. The deal also includes a security deposit of Rs.25 crore, the documents showed.

A stamp duty of Rs.8.26 crore was also paid for the transaction, which was registered in March 2025.

Macrotech declined to comment on the transac...