Deal Watch
Gufic Buys Lodha Avalon Duplex in Juhu for Rs 236.33 Crore
Gufic, a pharmaceutical company, has bought a luxury duplex in Lodha Avalon on Juhu Tara Road, Mumbai, for Rs 236.33 crore, according to a financial news report published on 31 October 2026. The deal was registered on 21 October 2026.
| Buyer | Gufic (pharmaceutical company); buyer's representative is its director Vipula Jayesh Choksi |
|---|---|
| Seller | V Hotels Ltd, represented by authorised signatory Solomon Sasane |
| Property | Luxury duplex on the 14th floor of one of the towers of Lodha Avalon, Juhu Tara Road, Juhu, Mumbai |
| Consideration | Rs 236.33 crore |
| Carpet area and parking | About 19,694 sq ft carpet area with 10 car parking spaces |
| Approximate rate | About Rs 1.20 lakh per sq ft on a carpet basis |
| Stamp duty paid | Nearly Rs 14.18 crore, per registration details cited in the report |
| Transaction dates | Executed 19 October; registered 21 October 2026 |
| Project status | Under construction as of 1 November 2026, per property listings; most listings give possession around September 2028 |
What happened
Gufic, a pharmaceutical company engaged in research, development, manufacturing and marketing of pharmaceutical and herbal products, active pharmaceutical ingredients and lyophilised injections, has purchased a luxury duplex apartment in Lodha Avalon on Juhu Tara Road, Mumbai.
The transaction was executed on 19 October 2026 and registered two days later, on 21 October 2026. The purchase consideration is Rs 236.33 crore. The report was published on 31 October 2026.
The property
The report places the duplex on the 14th floor of one of the towers of Lodha Avalon, an under-construction residential project in Juhu. The property has a carpet area of about 19,694 sq ft and includes 10 car parking spaces.
Lodha Avalon is located near the JW Marriott Mumbai on Juhu Tara Road, in the Uditi Tarang Housing Colony area of Juhu, Mumbai 400049. Property listings refer to the project's two towers as Tower A and Tower B.
Price and registration
The consideration of Rs 236.33 crore works out to an approximate rate of Rs 1.20 lakh per sq ft on the carpet area. Registration documents cited in the report show stamp duty of nearly Rs 14.18 crore paid for the registration of the deal.
For context, a property portal lists the average rate in Juhu at Rs 60,650 per sq ft. That figure is an average across the locality and is not comparable to a single ultra-luxury unit.
Listings for Lodha Avalon give widely different starting prices, from about Rs 98.63 crore to Rs 150 crore, so the price of this unit cannot be read from listing data alone.
About the developer
Lodha Developers Limited, formerly Macrotech Developers, was renamed on 16 June 2025. The company was founded in 1980 by Mangal Prabhat Lodha. Abhishek Lodha is its CEO and Managing Director.
On 30 October 2026 the company reported a 28% rise in profit after tax for the quarter ended 30 September 2026, to Rs 1,013 crore. Revenue for the quarter was Rs 4,468 crore, and pre-sales were Rs 5,037 crore, up 10% year on year. Net debt stood at Rs 5,279 crore as on 30 September 2026, a net debt to equity ratio of 0.2x.
The company has said it is expanding into Bengaluru and Delhi-NCR to diversify beyond Mumbai, and it has an annual sales target of Rs 24,000 crore. In April 2025 it signed a development agreement for a 20,468 square metre plot in Pune's Wakad.
Location and access
Juhu Tara Road is in the Juhu and Andheri West area of western Mumbai. Local guides describe it as close to the Bandra-Kurla Complex business district and the domestic airport.
Distance to Chhatrapati Shivaji Maharaj International Airport is given as roughly 4 to 8 km. Local guides describe Metro Line 3 and Metro Line 4 as upcoming, with a Metro Line 4 station planned at Khar Road. Ongoing coastal road improvements are described as aimed at reducing travel times in the area.
Context for buyers and investors
The report presents the deal as a high-value residential property transaction in Juhu and ties it to continued demand for large-format luxury homes in Mumbai. It does not include analyst commentary on price trends.
For buyers, the deal is one data point at the very top of the Juhu market. Earlier, in November 2024, Agarwal Holdings bought a land parcel in Juhu valued at Rs 455 crore, according to a Business Standard report. That was a land transaction rather than a residential one, so it is a different kind of benchmark.
Buyers weighing an under-construction project should note that listings for Lodha Avalon give different possession dates, most commonly September 2028, and different unit and land details. Figures from listings should be checked against the project's RERA records before a purchase decision.
What comes next
Most property listings give September 2028 as the possession date for Lodha Avalon, though some list December 2028 or September 2029. As of 1 November 2026, the project is listed as under construction.
Lodha's next scheduled corporate step is not set out in the sources for this report.
Frequently asked questions
Who bought the Lodha Avalon duplex in Juhu?
Gufic, a pharmaceutical company, bought the duplex. Its director Vipula Jayesh Choksi represented the buyer in the registration. The seller was V Hotels Ltd.
How much did the deal cost?
The purchase consideration was Rs 236.33 crore. The report estimates the rate at about Rs 1.20 lakh per sq ft on the carpet area of roughly 19,694 sq ft.
When was the deal registered?
The transaction was executed on 19 October 2026 and registered on 21 October 2026. The report was published on 31 October 2026.
Is Lodha Avalon ready to move into?
No. As of 1 November 2026, Lodha Avalon is listed as under construction. Most listings give possession around September 2028.
How does this deal compare with the rest of Juhu?
A property portal lists the average Juhu rate at Rs 60,650 per sq ft. This deal's rate of about Rs 1.20 lakh per sq ft is far above that average, which reflects the size and class of the unit.