Macrotech Developers (Lodha Group) acquires Janus Logistics and Industrial Parks Pvt Ltd for ₹48 crore

MUMBAI : Realty firm Macrotech Developers Ltd has acquired Janus Logistics and Industrial Parks Pvt Ltd (JLIPPL) for Rs 48 crore. Macrotech Developers, which sells its properties under the Lodha Brand, is one of the leading real estate developers in the country. JLIPPL, incorporated on December 20, 2022, is in the business of construction and development of warehousing and logistics assets.

In a regulatory filing on Friday, Macrotech Developers informed that the company has executed a Share Purchase Agreement (SPA) for the acquisition of a 100 per cent stake in JLIPPL.

According to the regulatory filing, the company said that “the acquisition is in pursuance of our planned strategy for calibrated growth in our annuity income through Digital Infrastructure viz. Industrial and Logistics under the LILP (Lodha Industrial and Logistics Park) brand.”

Three weeks ago, Lodha had announced that it has entered into agreements for acquisition of the stake held by Bain Capital in its three different joint entities under the Digital Infrastructure Platform for ₹307 crore.

In January 2024, the company had also announced that it has finalised agreements for the acquisition of a 100 percent stake in Goel Ganga Ventures India Private Limited (GGVIPL). Following this transaction, GGVIPL is set to become a wholly owned subsidiary of the company.

Abhishek Lodha CMD of Lodha Group had said earlier this year, that Palava City near Mumbai spread around 4,500 acres may scale up and generate a revenue of over ₹8,000 crore per year in the next couple of years owing to development of residential, commercial properties, including warehousing and industrial spaces and life sciences hub.