India, Nov. 11 -- Mumbai-based listed real estate developer Macrotech Developers, also known as Lodha, has purchased a 2.82 acres land parcel in Hinjewadi area of Pune for Rs.110 crore, according to property registration documents accessed by CRE Matrix.

The transaction was registered on October 14. The sellers include Pune-based real estate developer Paranjape Schemes Construction Limited and others.

Lodha entered the Pune real estate market with its first project named Lodha Belmondo near Mumbai Pune Expressway. The company had also launched a project in Kharadi last year. In January 2024, Lodha had announced finalising agreements for the acquisition of a 100% stake in Pune-based Goel Ganga Ventures India Private Limited (GGVIPL).

Th...