Parakh Foods buys 6 acre land from Lodha Developers for ₹49 crore in Ambernath near Mumbai

Parakh Foods and Oils Limited has made a notable move in Mumbai’s industrial real estate market by acquiring nearly six acres of land in Lodha Industrial and Logistics Park II, located in Ambernath. The transaction, finalized on February 27, 2026, was valued at ₹49.11 crore, translating to approximately ₹8.20 crore per acre. On a per square meter basis, the cost stands at around ₹20,250, as per data from Propstack.

The deal involves Parakh Foods, a well-known player in the food and edible oil sector, purchasing land from Lodha Developers Limited, a major real estate company with a strong presence in both residential and industrial developments. While the company has not officially disclosed its plans for the acquired land, its location within a logistics and industrial park suggests that it is likely to be used for manufacturing, storage, or food processing operations.

Ambernath has been steadily emerging as a preferred destination for industrial and warehousing investments within the Mumbai Metropolitan Region. One of the key reasons behind this shift is its strategic connectivity. The area is well linked through road and rail networks, making it suitable for logistics-heavy operations. Additionally, land prices in Ambernath remain significantly lower compared to core locations like Mumbai, Thane, and Navi Mumbai, allowing companies to acquire larger parcels at more economical rates.

Another important factor driving interest in Ambernath is the growing presence of industrial and warehousing players. As more companies set up operations in the region, it creates a cluster effect, further attracting businesses looking for established ecosystems with ready infrastructure. Industrial parks like Lodha’s provide plug-and-play solutions, reducing the time and complexity involved in setting up operations from scratch.

This acquisition is also part of a broader trend visible across the MMR region, where companies are increasingly moving towards peripheral locations for industrial expansion. Rising land costs and space constraints in central urban areas have pushed businesses to explore well-planned industrial zones on the outskirts. These zones offer better scalability, infrastructure, and cost efficiency.

Recent transactions in the region further highlight this momentum. Deals such as Oberoi Realty’s development agreement with MHADA in Versova, Lodha’s acquisition of development rights in Malabar Hill, and RSVM Hospitality’s large land purchase in Thane indicate strong activity across both residential and industrial segments. Together, these transactions point towards a dynamic and evolving real estate market in the Mumbai region.

Although official comments from Parakh Foods and Lodha Developers were not available at the time of reporting, the transaction itself signals confidence in the industrial real estate segment. For Lodha Developers, it also reflects the growing importance of its industrial and logistics portfolio alongside its traditional residential business.

Overall, the deal underscores a clear shift in how companies are approaching expansion. With better infrastructure, competitive pricing, and strategic locations, areas like Ambernath are becoming key growth corridors for industrial development in the Mumbai Metropolitan Region.