AMBERNATH – In a move to expand its industrial footprint near Mumbai, Parakh Foods and Oils Limited has purchased nearly six acres of land from Lodha Developers (Macrotech Developers Ltd) for approximately ₹49.11 crore.
The transaction highlights the growing demand for logistics and industrial space in the Mumbai Metropolitan Region (MMR).
Key Details of the Deal:
The Buyer: Parakh Foods and Oils Limited (a major player in the FMCG and commodities sector, known for brands like Samrat).
The Seller: Lodha Developers Limited.
Location: Lodha Industrial and Logistics Park II, Ambernath (near Mumbai).
Size: 24,260 square meters (approx. 5.99 acres).
Price Breakdown: The land was sold at a rate of roughly ₹8.20 crore per acre (or ₹20,250 per square meter).
Registration Date: The deal was officially registered on February 27, 2026.
Why Ambernath?
Ambernath is fast becoming a preferred destination for companies looking to set up warehouses and industrial units. It offers a strong mix of affordability and access.
Here’s why businesses are choosing this location:
Lower Costs: Land here is far more affordable than central Mumbai, Navi Mumbai, or Thane, making large-scale operations viable.
Strong Connectivity: Ambernath is well connected through rail networks and highways, enabling smooth movement of goods to Mumbai, Pune, and other key markets.
Planned Ecosystem: Developments like Lodha’s Industrial and Logistics Park offer ready infrastructure. Roads, utilities and zoning, everything and thus reducing setup time for companies.
As Mumbai becomes more expensive and congested, satellite hubs like Ambernath are naturally absorbing new demand.
The Bigger Picture: Lodha’s Strategic Shifts
This sale is part of a broader strategy by Lodha Developers to monetize its land bank. While Lodha is famous for luxury housing (like their recent ₹106 crore deal in Malabar Hill), they are aggressively expanding into Industrial and Logistics parks. This sector is booming in India due to the rise of e-commerce and modernized supply chains.
Comparison to Recent Market Deals:
To put this ₹49 crore deal in perspective, the Mumbai region has seen massive activity recently:
Thane: RSVM Hospitality recently bought 18 acres in Majiwada for over ₹497 crore, a much higher price point due to its residential potential.
South Mumbai: Lodha themselves acquired development rights in Malabar Hill for ₹106 crore, showing the massive price gap between industrial land in Ambernath and luxury residential land in the city center.
Conclusion:
This acquisition by Parakh Foods signals strong confidence in the Ambernath industrial belt. For Lodha, it represents a successful exit from a portion of their logistics portfolio, providing liquidity to fuel further developments across the MMR.
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