Macrotech Developers Signs INR 165.3 Cr JDA for Prime Plot in Pune’s Wakad

Macrotech Developers, popularly known as the Lodha Group, has inked a Joint Development Agreement (JDA) worth INR 165.3 crore for a 20,468 sq. metre land parcel in the high-growth Wakad area of Pune, adjacent to the bustling tech corridor of Hinjewadi. The agreement was formalised with Goelpushp Developers and Shri Balaji Ventures, as confirmed by registration records accessed through Propstack.

Collaboration with Goel Ganga Group for Development

Under the terms of the agreement, Macrotech Developers will partner with Pune-based Goel Ganga Group to execute the project. The revenue-sharing model ensures the landowners receive 22.5% of the total revenue from the development, creating a win-win scenario for both parties. A security deposit of INR 25 crore has also been paid by Macrotech, reinforcing its financial commitment. The transaction, registered in March 2025, also included a stamp duty payment of INR 8.26 crore.

Strategic Location in Wakad Near Hinjewadi Tech Hub

Wakad, one of Pune’s fastest-growing suburbs, offers excellent connectivity to Hinjewadi’s IT and business parks, making it a lucrative location for residential and commercial developments. With this new project, Macrotech Developers aims to cater to tech professionals, young families, and investors seeking premium living options near their workplaces, further cementing its stronghold in Western India.

Macrotech’s Asset-Light Growth Strategy

The Wakad deal is a part of Macrotech Developers’ broader asset-light strategy, focusing on joint development agreements that minimise upfront land acquisition costs while accelerating project rollouts. This model enables the company to expand aggressively across India’s top real estate markets while maintaining capital efficiency and reducing investment risks.

Macrotech’s Vision for Future Growth in Pune

Known for delivering luxury residences and integrated townships, Macrotech Developers continues to explore high-potential micro-markets across Pune. The company views the Wakad project as a springboard for future developments in the city, aligning with its vision to deliver world-class housing with best-in-class amenities while building long-term value for customers and stakeholders.

Key Highlights – Macrotech Developers INR 165.3 Cr JDA in Pune:

• Joint Development Agreement (JDA) signed for 20,468 sq. mtrs. land in Wakad, Pune.
• Deal valued at INR 165.3 crore with Goelpushp Developers and Shri Balaji Ventures.
• 22.5% revenue share model agreed for landowners.
• Security deposit of INR 25 crore confirms project commitment.
• INR 8.26 crore stamp duty paid; deal registered in March 2025.
• Strategic location near Hinjewadi IT parks offers strong residential appeal.
• Project to be executed in collaboration with Goel Ganga Group.
• Reinforces Macrotech’s asset-light strategy for scalable and capital-efficient growth.
• Strengthens Macrotech’s presence in Pune and Western India.

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