Lodha Group to develop 1.5 mn sq-ft residential project in Pune jointly with local realtor

Real estate developer Lodha Group has entered into an agreement with Pune-based developer Goel Ganga Developments to jointly develop a 1.5 million sq ft residential project on a 12-acre land parcel on NIBM Road in southern Pune. Lodha Group, listed on stock exchanges as Macrotech Developers, is planning to invest about INR 700 crore to develop this project.