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Macrotech Developers Acquires 20-acre Land Parcel in Bengaluru

Written by: Team Angel OneUpdated on: Jan 13, 2025, 2:00 PM IST
Macrotech Developers Ltd. purchased a nearly 20-acre land parcel in Bengaluru to develop a housing project worth ₹2,800 crore.
Macrotech Developers Acquires 20-acre Land Parcel in Bengaluru
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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. 

Acquired 20 acres of Land

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.

Q3 FY25 Results

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 Expands into Bengaluru Housing Market 

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.

Share Price Performance

Macrotech Developers Ltd’s share was traded at ₹1,242 per share at 9:20 AM on January 13, 2025.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 13, 2025, 2:00 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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