The acquired land, situated within the Prabhat Estate off Swami Vivekananda Road, includes an 82,000 square foot office building. This structure previously served as Unichem's registered office.
Macrotech Developers (Lodha Group) is among the largest real estate developers in India. Its consolidated net profit rose 88% to Rs 944.40 crore on 39% jump in revenue from operations to Rs 4,083 crore in Q3 FY25 over Q3 FY24.