Macrotech Developers Acquires Unichem Jogeshwari Land for 279 Crore

Real estate giant Macrotech Developers (Lodha) has entered into an agreement to acquire a 3.4-acre land parcel in Jogeshwari West, Mumbai, from Unichem Laboratories for ?279 crore. Located at Prabhat Estate off Swami Vivekananda Road, the site includes an 82,000 sq. ft. office building, which previously served as Unichem’s registered office before being relocated to Kandivali West. While the deal is yet to be inked and registered, Unichem’s board of directors has approved the monetization of the property, whose book value in the company’s records is ?2.18 crore.

The Lodha Group, known for its landmark projects across Borivali, Kandivali, Andheri, Versova, Malad, Juhu and South Mumbai region, is expected to develop a premium residential project on this newly acquired land. This acquisition aligns with Mac