Lodha Developers Acquires Development Rights for Malabar Hill Property in Mumbai

Lodha Developers acquired development rights for a 17,403 square meter property in Mumbai's Malabar Hill from Sorabji Kanga Charity Trust for approximately Rs 106 crore, with the deal executed on January 7, 2026. The agreement grants Lodha a 57.5% share of the Floor Space Index (FSI), allowing over 36,000 square meters of development, while the trust retains 42.5%, including 5,017 square meters of carpet area and 150 parking spaces. The total project value is estimated at around Rs 2,761 crore, with a construction timeline of five years.