Lodha's presence in Vikhroli West is concentrated along LBS Marg, on land that sits between the Eastern Express Highway and the older Godrej industrial belt that has defined this stretch of Mumbai's eastern suburbs for decades. The developer runs more than one address here, including a large residential complex near Gandhi Nagar Junction and, closer to Pirojshanagar, the twin developments of Lodha Riservo and Lodha Elaris. Located on LBS Marg, providing smooth connectivity to Swami Vivekanand Road and Western Express highway, the project features modern high-rise towers with fully glazed façades and integrated cleaning systems, and with over 75% open spaces, landscaped gardens, and sustainable design features, it merges nature with innovation. This scale of undertaking is consistent with how Lodha typically enters a Mumbai suburb: not with a single tower but with a cluster of linked developments that share infrastructure, clubs, and a common address identity.
Lodha Riservo and Lodha Elaris sit within the same pocket of Pirojshanagar, off LBS Marg, and share the developer's clubhouse infrastructure branded Club Riservo. Riservo is the broader residential base of the two. The project is located on LBS Marg, Pirojshanagar, Vikhroli West, with Vikhroli Railway Station 750m away and R City Mall 1.3km away, and offers 2.5BHK, 3BHK and 3.5BHK homes with carpet areas from roughly 894 sq ft for a 2.5BHK up to 1216 sq ft for a 3.5BHK, and the project is spread across 6 towers/wings. Elaris, by contrast, is positioned as the exclusive top layer of the same masterplan. It is a residential property located in Vikhroli that offers 4 BHK flats with expansive decks, premium amenities, landscaped open spaces and excellent connectivity, and is crafted for a refined lifestyle, offering sweeping views of the mangroves and Airoli creek, with grand decks that feel like a private terrace. Residents of Lodha Elaris get the shared Club Riservo amenities along with exclusive tower features including a dedicated gymnasium and indoor games area, and the landscape carries an array of old-growth trees across 20-plus species, with tree groves, forest walks and tree houses built into the grounds. Together, the two developments give a Lodha buyer in Vikhroli West a choice between a wider base of 2.5-3.5 BHK homes in Riservo and a narrower, view-led 4 BHK tower in Elaris on the same footprint.
Vikhroli West's appeal for a developer of Lodha's scale rests on a locality mid-transition. Vikhroli is a suburb on the northeastern side of Mumbai, home to a Central Railway station named after it, with Godrej manufacturing plants situated in the area — a long industrial identity that is now giving way to residential and mixed-use redevelopment along LBS Marg. The area's transformation from an industrial zone to a modern mixed-use development has created opportunities for property investment that a developer entering with multiple towers can capture in scale. For residents, the connectivity case is direct: Lodha Elaris is located on LBS Marg in Vikhroli West, minutes away from Powai and Ghatkopar, and Lodha Elaris offers seamless access to Mumbai's key destinations, including premier lifestyle hubs like R-City Mall in Ghatkopar, Galleria Mall in Powai, hospitals including Hiranandani Hospital, and the upcoming Metro Line 4 connecting Wadala to Kasarvadavali. A second metro corridor is also converging on this stretch: Mumbai Metro Line 6, the Pink Line, is a 15.31 km fully elevated corridor connecting Swami Samarth Nagar in Lokhandwala directly to Vikhroli via the Eastern Express Highway, expected to be operational by late 2026 or early 2027. For a Lodha owner, that means two separate metro lines converging on a locality that until recently was defined mainly by its railway station and highway frontage.
Lodha's own project in Vikhroli has shown a clear upward move through 2025. During Q3 2025, average property prices for Lodha Vikhroli moved from ₹28,750/sqft to ₹30,750/sqft, reflecting a 6.96% rise, following a similar move the quarter before, when average property prices moved from ₹26,800/sqft to ₹28,750/sqft, reflecting a 7.28% rise. This tracks with the broader locality: average property rates per square foot in Vikhroli West for flats stood around ₹28,500 per sq ft, with flat rates changing by 23.4% over five years. Within this range, Lodha's Elaris tower sits at the upper end, given its mangrove-facing 4 BHK positioning, while Riservo's 2.5-3.5 BHK configurations occupy the broader mid-to-upper band that most Vikhroli West buyers are transacting in.
Lodha's scale in Vikhroli West is best read against its history rather than in isolation. Mangal Prabhat Lodha founded the group in Mumbai in 1980, starting off by building middle-class homes in the city's far-flung suburbs, before his sons Abhishek and Abhinandan joined the business in 2003, after which the firm went on an expansion binge picking up prime land parcels. That expansion produced notable projects including Lodha Altamount, the World Towers, Lodha Bellissimo, Trump Tower Mumbai and Lodha Park, along with the development of Palava, the satellite township near Dombivli-Kalyan. The group also built Mumbai's Trump Tower, a 78-storey luxury skyscraper located in a complex called The Park, in midtown Mumbai. The company went public in 2021: in 2021 the company completed Macrotech's long-delayed IPO and has since changed its name to Lodha Developers. That listed structure now spans a wide geography — the company has developed residential and commercial properties in Mumbai, Thane, Hyderabad, Pune, Bengaluru and London — which is the same operating base that funds the Riservo-Elaris cluster in Vikhroli West alongside Lodha's other Mumbai suburban addresses.
The immediate neighbourhood context matters for anyone evaluating Riservo or Elaris. Both developments sit close to daily-use infrastructure rather than at a remove from it: R City Mall is roughly 1.3km away and the Jogeshwari-Vikhroli Link Road is about 2.1km from the site, giving residents mall, retail and cross-suburban road access within a short drive. The area's older industrial character, shaped by decades of Godrej manufacturing operations on the eastern side of LBS Marg, has also meant that schools, hospitals and retail have grown up around an established working population rather than being built from scratch — a different demand base than a purely greenfield suburb, and one that supports the steady, rather than speculative, price appreciation Lodha's Vikhroli project has recorded through 2025.
