Parakh Foods Acquires 6-Acre Land from Lodha Developers in Ambernath for ₹49 Crore, Strengthening Industrial Presence in MMR

Mumbai, March 24, 2026: 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, according to documents accessed by Propstack .

Transaction Details

The deal, registered on February 27, 2026, involves a land parcel measuring approximately 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, as per the Conveyance Deed .

Location Significance

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. The region has seen increased interest from industrial and logistics players seeking strategic locations with good transport links .

Recent Transactions in MMR

This deal follows several significant land transactions across the Mumbai Metropolitan Region. Last week, RSVM Hospitality Private Limited purchased over 18 acres of land in Thane's Majiwada area for over ₹497 crore from two companies belonging to the Neterwala Group through two separate transactions registered on February 20, 2026 .

Earlier this month, 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 .

Oberoi Realty recently signed a development agreement with MHADA for a land parcel in Mumbai's Versova area, while Godrej Properties and Lodha Developers together have acquired over 25 land parcels in FY26 to develop housing projects with a combined revenue potential of over ₹1 lakh crore .