Lodha records best-ever Q3 pre-sales

08 Jan 2024 CW Team

Realty developer Lodha, listed as Macrotech Developers, has recorded its best-ever third quarter pre-sales at Rs 3,410 crore and collections of Rs 2,594 crore for the quarter ended December.

The developer has added three more new projects during the quarter with gross development value potential of Rs 6,000 crore taking the project addition in the first three quarters of 2023-24 to Rs 20,300 crore.

With this, the company has surpassed its guidance of Rs 17,500 crore project addition for the year with a quarter to spare.

?It is heartening to witness the housing cycle taking shape with each passing quarter. Consumer?s desire to own a quality home early in their life journey and upgrade their lifestyle, continues to strengthen. On the back of steady rise in income levels and ample job creation this desire is translating into robust demand for high quality homes,? said Abhishek Lodha, MD & CEO, Lodha.

According to him, this fundamental driver of demand has enabled the company to deliver its best-ever third quarter pre-sales performance at Rs 3,410 crores. This was despite the adverse seasonality of the inauspicious period of ?Shraddhh? in October this financial year as against September in 2022-23.

Infrastructure Urban

23 May 2025

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Infrastructure Urban

23 May 2025

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi鈥檚 daily average Air Quality Index (AQI) clocked 213 (鈥楶oor鈥� category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording 鈥楶oor鈥� air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Infrastructure Urban

23 May 2025

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of 鈥淔inancial Fraud Risk Indicator (FRI)鈥� with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the 鈥淔inancial ..