Macrotech Developers, the well-known real estate firm behind the Lodha brand, has recently made headlines with its acquisition of seven land parcels in key markets such as the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. These strategic acquisitions are expected to pave the way for housing projects worth a whopping ₹16,600 crore.
The company’s land acquisition strategy includes a mix of outright purchases and partnerships with landowners for joint development, allowing Macrotech to expand its presence in lucrative markets. With the addition of four new projects in Pune and Bengaluru, the firm is set to contribute an estimated ₹5,500 crore to its gross development value (GDV).
In terms of performance, Macrotech Developers has already added projects worth ₹16,600 crore in the first half of the 2024-25 fiscal year, surpassing 75% of its full-year guidance of ₹21,000 crore. Previous acquisitions in the MMR and Pune are projected to generate an additional ₹11,100 crore in revenue.
The company’s sales performance has been nothing short of impressive, with a 21% increase in sales bookings totaling ₹4,290 crore during the July-September quarter. Despite the traditionally slow sales period associated with ‘Shradhh’ in September, Macrotech Developers has demonstrated strong year-on-year growth.
Looking ahead, the firm aims to achieve a 20% growth in sales bookings for the current fiscal year, building upon the record sales of ₹14,520 crore in 2023-24. With a robust development portfolio totaling around 100 million square feet of real estate deliveries and over 110 million square feet across ongoing and planned projects, Macrotech Developers is poised for continued success in the real estate sector.
Thanks For Reading Report of Punepress.com