Macrotech Developers Ltd, a leading real estate firm, is gearing up for a major expansion in the Indian real estate market. With plans to launch new projects worth a whopping ₹11,980 crore by March 2025, the company is set to capitalize on the strong housing demand in the country.
Known for its Lodha brand, Macrotech Developers has a strong presence in Mumbai Metropolitan Region (MMR) and Pune, and has recently expanded into Bengaluru. The company’s strategic move to launch new projects highlights its commitment to innovation and growth in the real estate sector.
In the June quarter of 2024, Macrotech Developers successfully launched six projects, generating an estimated ₹3,010 crore in potential revenue. Looking ahead, the company aims to unveil 18 new projects over the next three quarters, with a total area of 9.6 million square feet.
Despite a rise in net debt due to investments in land and construction, Macrotech Developers reported a significant increase in consolidated net profit for the June 2024 quarter, totaling ₹475.3 crore. The company is targeting a 20% growth in sales bookings for the fiscal year, with a goal of reaching ₹17,500 crore.
With a strong market presence and a focus on delivering quality real estate solutions, Macrotech Developers is poised to solidify its position as a key player in the Indian real estate market. The upcoming launches are expected to meet the growing housing demands in major cities like Mumbai, Pune, and Bengaluru, further cementing the company’s reputation for innovation and excellence.
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