Parakh Foods and Oils Limited has acquired nearly six acres of land within a logistics park developed by Lodha Developers Limited in Ambernath near Mumbai for ₹49.11 crore, documents accessed by Propstack showed.
The deal, registered on February 27, 2026, involves a land parcel measuring about 24,260 square metres (about 5.99 acres) at Lodha Industrial and Logistics Park II. The transaction was charged at ₹20,250 per square metre, or about ₹8.20 crore per acre, the Conveyance Deed showed.
Ambernath, part of the Mumbai Metropolitan Region, is emerging as a preferred industrial and warehousing hub due to strong connectivity and relatively lower land costs compared to core city areas.
A list of questions has been shared with Parakh Foods and Oils Ltd and Lodha Developers Limited. The story will be updated if a response is received.
Previous transactions in Mumbai
Earlier, Oberoi Realty signed a development agreement (DA) with the Maharashtra Housing and Area Development Authority (MHADA) for a land parcel in Mumbai’s Versova area. The company announced on March 16 that it entered into a development agreement for MHADA-owned land in Aram Nagar, in the Versova area of Andheri West, Mumbai.
Lodha Developers also acquired development rights for a land parcel owned by the Sorabji Kanga Charity Trust in South Mumbai’s Malabar Hill for ₹106 crore, with an estimated development potential of nearly ₹2,800 crore. The agreement, valued at ₹106 crore, was executed on January 7, 2026. The trust-owned land measures 17,403 sq m (over four acres), the documents show. The transaction was registered with a stamp duty payment of ₹37 crore.
Also Read: Mumbai real estate: Oberoi Realty inks deal to acquire Versova land with 17 lakh sq ft potential
As per the agreement, Lodha Developers will receive a 57.5% share of the total Floor Space Index (FSI), while the trust will retain the remaining 42.5%.
Last week, RSVM Hospitality Private Limited purchased more than 18 acres of land in Thane for over ₹497 crore from two companies belonging to the Neterwala Group, according to property registration data accessed by Propstack.
According to the documents, the land parcels are located in the Majiwada area of Thane and were acquired through two separate transactions registered on February 20, 2026.
In the first deal, RSVM Hospitality purchased 32,984 square metres of land from Chemicals and Ferro Alloys Private Limited for ₹239.9 crore.
In the second transaction, RSVM Hospitality acquired 40,936 square metres of land from Uni Abex Alloy Products Limited for ₹257.8 crore.
