Macrotech Developers, a real estate developer, has delivered an impressive 100 million square feet of real estate and is currently developing over 110 million square feet as part of its ambitious ongoing and planned portfolio.
The Mumbai-based developer, renowned for its Lodha brand, has acquired a prime 20-acre land parcel in Bengaluru to develop a prestigious housing project valued at ₹2,800 crore.
This acquisition exemplifies Macrotech’s strategic approach, blending outright purchases with partnerships through joint development agreements. According to informed sources, a portion of the land was directly purchased, while the remaining was secured via a joint development pact with the landowner.
Macrotech Developers Ltd., under the Lodha brand, delivered strong Q3 FY25 results with record pre-sales of ₹4,510 crore, a 32% YoY rise, and nine-month pre-sales of ₹12,820 crore, up 25% YoY. Collections surged 66% YoY to ₹4,290 crore, totalling ₹10,060 crore for the nine months, a 30% YoY increase.
The company expanded in Bengaluru with a ₹2,800 crore project and secured 8 projects across MMR, Bengaluru, and Pune, achieving 90% of its annual GDV target of ₹19,500 crore. It also entered NCR with a 33-acre land acquisition for digital infrastructure. Net debt was reduced by ₹610 crore to ₹4,320 crore, maintaining a net debt-to-equity ratio below 0.5x.
Macrotech Developers ventured into the Bengaluru housing market a few years ago, broadening its reach beyond the Mumbai Metropolitan Region (MMR) and Pune, where it commands a significant market share.
Encouraged by the exceptional response to its maiden residential project in Bengaluru, the company has resolved to strategically enhance its presence in this thriving IT hub to capitalise on the burgeoning demand.
Macrotech Developers Ltd’s share was traded at ₹1,242 per share at 9:20 AM on January 13, 2025.
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Published on: Jan 13, 2025, 2:00 PM IST
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