Lodha, headquartered in Mumbai and founded in 1980 by Mangal Prabhat Lodha, has methodically expanded its Pune footprint across the city's high-demand corridors. In Pune, the group has launched residential projects like Lodha Panache in Hinjewadi, Lodha Bella Vita in NIBM, and Lodha Giardino in Kharadi. Other active addresses include Lodha Panache in Hinjewadi Phase 1, Lodha Estilo in Kharadi, and Lodha Massimo at the foothills of Baner Hills. Wakad — bordered by the Hinjewadi IT corridor to the west and Balewadi to the south — was a conspicuous gap in that map. Lodha Altero, launched in March 2025, fills it.
Positioned as the first-ever Grade A project in Wakad, Lodha Altero is described by the developer as a landmark development that sets a new standard for the centre of Wakad. The scale and specifications reflect the same product philosophy Lodha has applied in Hinjewadi and Kharadi: tall towers, large-format homes, and a clubhouse programme that goes substantially beyond the typical Pune offering in this suburb.
Developed by Macrotech Developers Limited (now Lodha Developers Limited), Altero officially launched on 20 March 2025 and is registered under MahaRERA No. P52100079692. The project comprises 531 residential units across a site of 0.38 acres, spanning configurations from 3-bedroom residences and 3-bedroom-with-study to 4-bedroom-with-study, 4-bedroom residences, and 5-bedroom penthouses, with unit sizes ranging from 1,087 to 2,885 sq ft.
Spread over 2.70 acres, the project features 2, 3, 3.5, and 4 BHK residences with expansive decks, horizontal living rooms, and Italian marble finishes. A 25,000-sq-ft rooftop clubhouse with an infinity pool, lush landscaping, and leisure and recreation amenities is part of the project, designed by internationally recognised architects.
The towers are strategically positioned so that no apartments face each other, ensuring every home enjoys unobstructed, lifelong open views. A multipurpose sports court for basketball, volleyball, and tennis, a dedicated padel court, and a walking and jogging track are among the active recreation facilities at the rooftop level.
Lodha Altero enjoys a prime location on the 36-metre-wide Wakad-Bhosari BRTS Road, just a 5-minute drive from the Mumbai-Pune Highway. The BRTS corridor gives residents an arterial connection that bypasses many of Wakad's internal congestion points — a practical consideration for the 3 and 4 BHK buyer who typically commutes to either Hinjewadi or the PCMC industrial belt.
The location ensures seamless access to prominent locations like Hinjewadi and Balewadi, just 10–15 minutes away, and Nigdi, Pimpri, and Pradhikaran, within a 15-minute drive. The Hinjewadi Wakad Bridge ensures swift connectivity to the Hinjewadi IT hub in approximately 10 minutes, while the upcoming Balewadi Bridge will link Balewadi High Street to Wakad in around 10 minutes.
The project is located near Ganga Osain Square, Shankar Kalat Nagar, Wakad, Pune, with the Mumbai-Pune Highway 1.5 km away and Phoenix Mall of the Millennium 2.4 km away. For a high-rise residential product priced from ₹2.09 Cr, the proximity to a regional-scale mall, multiple five-star hotels, and a cluster of tertiary hospitals within a single micro-market is a meaningful differentiator.
Lodha's product pitch for Altero rests partly on the density of established social infrastructure already surrounding the site — infrastructure that took Wakad two decades of IT-driven growth to accumulate.
| Category | Facilities | Distance |
|---|---|---|
| Education | Indira Institute of Management, NICMAR, National Insurance Academy, Sanskruti International School, Euro School | Within 10 min |
| Healthcare | Aditya Birla Hospital, Manipal Hospital, Lifepoint Hospital | Within 10 min |
| Retail | Phoenix Mall of the Millennium, Westend Mall, E-Square, Balewadi High Street | 5–10 min |
| Hotels | Hilton, Hyatt, Vivanta | 7–10 min |
Wakad has transformed from a peaceful suburb into a bustling residential and business hub in central Pune West. The property market reflects that shift clearly. The average weighted price of apartments in Wakad is ₹9,350 per sq ft at the locality-wide level, while Lodha Altero's average asking price is ₹19,200 per sq ft, compared to Wakad's locality average of ₹11,900 per sq ft — a premium that reflects both the product category and the developer's brand positioning in a market where Grade A supply has historically been scarce.
According to Credai Pune, since 2021, premium home sales in Hinjewadi, Wakad, Baner, Balewadi, Tathawade, and Aundh have witnessed growth of over 300%. Over the past three years, property prices in Wakad have surged by approximately 15–16% annually. For a buyer entering at Altero's pricing bracket, those trends establish the baseline from which any further appreciation compounds.
The most consequential structural driver ahead is metro connectivity. Pune Metro Line 3, running from Hinjewadi Phase III to Shivajinagar, is a transformative piece of infrastructure for Wakad. The corridor runs through Hinjewadi, Wakad, Balewadi, Baner, and University Road, providing residents with a quicker commute across the western spine of the city. Homes located within 500 metres of a Metro station are already seeing annual price appreciation of 10–25%, underlining their appeal among homebuyers and developers. Altero's address on Wakad-Bhosari BRTS Road places it within the immediate catchment of Wakad Chowk Metro Station, the closest metro station to the project.
Founded in 1980, Lodha has built a record of over 65,000 delivered homes and more than 100 million square feet of developed space. The company was listed as Macrotech Developers on 19 April 2021 and was renamed Lodha Developers Limited on 16 June 2025. The group reports over 110 million sq ft delivered, with 40 ongoing projects under development and 95 million sq ft in the pipeline as of December 2025.
The company is credited for developing Palava, an integrated smart city in Dombivali near Mumbai — one of India's largest privately developed townships. In November 2013, Lodha acquired Macdonald House in central London from the Government of Canada for ₹3,120 crore. The London presence and the Palava township together frame the scale at which the group operates — context relevant to an Altero buyer because it speaks to the depth of construction management, supply chain, and delivery infrastructure behind a single Wakad tower.
Lodha Developers Limited has delivered 121 projects so far, with around 46 projects upcoming and 38 currently under construction. In Pune specifically, the group has grown its presence steadily across the city's primary growth corridors — Hinjewadi, Kharadi, NIBM, Baner Hills, and Kothrud — before moving into Wakad with Altero. That sequencing suggests a deliberate, supply-constrained approach to market entry rather than a scatter-site strategy.
