Finance
EnglishLodha's ₹365 crore plan to transform Mumbai's Sewree area
Lodha Developers has landed a whopping ₹364.80 crore deal to transform 10.26 acres in Mumbai's Sewree corridor. Teaming up with Sahana Properties, they plan to build snazzy apartments over five years, sharing profits like a friendly game—67% for Lodha and 37% for Sahana. It's all about turning slums into stylish living spaces!
few days ago | Sunainaa Chadha
Quick rundown
1.Lodha Developers enters a ₹364.80 crore JDA in Mumbai.
2.The project spans 10.26 acres in Parel-Sewree.
3.Revenue sharing is set at 67% for Lodha and 37% for Sahana.
4.The project involves slum redevelopment under the SRA.
5.Mumbai's eastern corridor remains a strategic redevelopment area.
