Concrete

Lodha Signs Joint Development Agreement For Parel–Sewri Land

Deal covers 10 acres at Rs 3,640 million (mn)

Published

7 months ago

February 27, 2026

admin

Lodha Developers has signed a joint development agreement with Sahana Group for a 10-acre parcel in the Parel–Sewri corridor of Mumbai. The agreement is valued at Rs 3,640 million (mn), reflecting the consideration reported for the transaction. The joint development arrangement will see the land owners and the developer collaborate on planning and construction while sharing development proceeds under the terms of the contract. The arrangement is subject to customary closing conditions and regulatory approvals.

The site in Parel–Sewri occupies a strategic location within central Mumbai and offers opportunities for urban redevelopment given its proximity to transport links and established neighbourhoods. The parties have agreed to pursue statutory approvals and detailed project planning before commencing construction activity. The arrangement is described as a long-term development collaboration focused on unlocking the value of the site. Stakeholders will monitor progress as statutory milestones are reached.

For Lodha Developers, the deal reinforces its pipeline of land parcels available for development in the Mumbai metropolitan area and is expected to expand its capacity to deliver built assets. For Sahana Group, partnering with a developer on a joint development agreement provides a route to monetise land holdings while retaining a share in future realisation. The structure aligns incentives to complete the project efficiently and to move through planning milestones. Market reception and execution pace will shape the ultimate returns for both parties.

The financial terms and timetable for completion will depend on regulatory clearances and market conditions, with returns to be realised as phases of development are sold or leased. Both parties will need to coordinate with municipal authorities and service providers to meet infrastructure and compliance requirements. The agreement signals continued investor interest in central Mumbai land parcels and may encourage further collaborative ventures between land owners and developers. Further disclosures will be issued.

Related Topics:Joint development Lodha Developers Sahana Group

Up Next

WCA Annual Conference 2026 to Host Global Cement Leaders

Don't Miss

Seppa Township Road Being Paved With Bituminous Concrete

Concrete

Cement Firms to Invest Rs. 130 bn in Green Energy by FY28

Cement companies plan to expand clean energy capacity to 6 GW by FY28

Published

2 days ago

September 17, 2026

admin

India’s major cement companies are set to raise their clean energy capacity to 6 GW by March 2028 from around 4 GW at the end of March 2026, according to ratings agency ICRA. The planned expansion is expected to involve investments of Rs. 130 bn over the next two years.

The additional capacity could generate annual savings of Rs. 62 bn to Rs. 67 bn, resulting in an estimated payback period of 1.8 to 2.2 years. Cement is an emission-intensive industry, and leading producers have established net-zero roadmaps covering the next 15 to 20 years.

The calcination process accounts for 57 to 60 per cent of the sector’s total emissions, while fuel combustion contributes 27 to 30 per cent and electricity consumption accounts for 10 to 13 per cent. ICRA said the figures highlighted the need for a broad decarbonisation strategy involving green power, blended cement, alternative fuels and improvements in clinker efficiency.

Green energy is considered one of the most commercially attractive decarbonisation options because it can reduce emissions while lowering operating costs. Every 5 per cent increase in green power replacement can reduce power and fuel costs by Rs. 15 to Rs. 16 per tonne. A 25 per cent replacement level could therefore save Rs. 75 to Rs. 80 per tonne and expand operating margins by 140 to 160 basis points.

Cement producers are also assessing carbon capture, utilisation and storage, although high implementation costs, energy requirements and limited transport and storage infrastructure are expected to slow commercial adoption. The government has proposed Rs. 200 bn over five years to support deployment across key sectors. Meanwhile, companies are targeting thermal substitution rates of 10 to 15 per cent over the next three to five years, compared with the current industry level of around 6 per cent.

Concrete

Centre Defers Clearance for Limestone Mine Near Bustard Habitat

Panel seeks revised mining plan and safeguards for pipelines and wildlife

Published

3 days ago

September 16, 2026

admin

The Centre has deferred environmental clearance for a proposed limestone mine near a Great Indian Bustard habitat in Ramgarh, Rajasthan’s Jaisalmer district. The critically endangered species has an estimated wild population of about 130 in India.

Concrete

Telangana to Supply Subsidised Cement for Indiramma Houses

Poor families allotted Indiramma houses to receive cement at Rs. 230 per bag

Published

3 days ago

September 16, 2026

admin

The Telangana government will supply cement at a subsidised price of Rs. 230 per 50-kg bag to poor and low-income families allotted Indiramma houses. The prevailing market price is between Rs. 310 and Rs. 320 per bag, the Assembly was informed on Thursday.