India, Feb. 22 -- Mumbai-based listed real estate developer Lodha Developers Limited has signed a joint development agreement (JDA) for multiple land parcels spanning over 10 acres in the Parel-Sewri belt of central Mumbai. The Rs.364 crore agreement has been executed with two Sahana Group entities, Sahana Properties and Resorts Pvt Ltd and Shahana Builders and Developers Pvt Ltd, according to property registration documents accessed by CRE Matrix.

The transaction was registered on February 11, 2026, and a stamp duty of over 37 crore was paid, according to the documents.

The documents show that, as part of the JDA, the revenue sharing between the two companies is set at 67 per cent for Lodha Developers and 37 per cent for Sahana Group o...