Macrotech Buys 10 Land Parcels for Rs 240 Bn Housing Projects
15 Apr 2025
2 Min Read
CW Team
Macrotech Developers, a Mumbai-based listed real estate company, has acquired 10 land parcels in FY25, planning to develop housing projects with an estimated total sales value of approximately Rs 240 billion across Mumbai Metropolitan Region (MMR), Bengaluru, and Pune.
In its operational update, the company reported that it added 10 new projects during the year, excluding Digital Infrastructure projects, with a Gross Development Value (GDV) of Rs 237 billion. This exceeded its earlier guidance of Rs 210 billion for the fiscal year. The addition includes two new projects in Pune, contributing Rs 43 billion to the GDV. This brings the company's total presence in Pune to nine locations, positioning it for further market share growth and reinforcing its ambition to become the leading developer in the city.
On the Digital Infrastructure front, Macrotech Developers expanded into new locations with two projects in NCR and Chennai. Additionally, the company acquired its joint venture partner鈥檚 stake in the existing platform, enhancing its position in warehousing and industrial developments.
For the fourth quarter of FY25, the company reported a 14 per cent year-on-year increase in sales bookings, reaching Rs 48.10 billion, up from Rs 42.30 billion in the same period last year. Overall, Macrotech Developers achieved a 21 per cent growth in sales bookings for FY25, totalling a record Rs 176.30 billion, compared to Rs 145.20 billion in the previous fiscal year.
Besides residential development, the company is also expanding its industrial and logistics park portfolio in major cities, alongside office and retail real estate projects. Macrotech Developers is currently involved in a legal dispute with the House of Abhinandan Lodha, a company formed by Abhishek Lodha's younger brother, over the use of the 'Lodha' brand name.
News source: Hindustan Times
Image Source: www.msn.com
Macrotech Developers, a Mumbai-based listed real estate company, has acquired 10 land parcels in FY25, planning to develop housing projects with an estimated total sales value of approximately Rs 240 billion across Mumbai Metropolitan Region (MMR), Bengaluru, and Pune.
In its operational update, the company reported that it added 10 new projects during the year, excluding Digital Infrastructure projects, with a Gross Development Value (GDV) of Rs 237 billion. This exceeded its earlier guidance of Rs 210 billion for the fiscal year. The addition includes two new projects in Pune, contributing Rs 43 billion to the GDV. This brings the company's total presence in Pune to nine locations, positioning it for further market share growth and reinforcing its ambition to become the leading developer in the city.
On the Digital Infrastructure front, Macrotech Developers expanded into new locations with two projects in NCR and Chennai. Additionally, the company acquired its joint venture partner鈥檚 stake in the existing platform, enhancing its position in warehousing and industrial developments.
For the fourth quarter of FY25, the company reported a 14 per cent year-on-year increase in sales bookings, reaching Rs 48.10 billion, up from Rs 42.30 billion in the same period last year. Overall, Macrotech Developers achieved a 21 per cent growth in sales bookings for FY25, totalling a record Rs 176.30 billion, compared to Rs 145.20 billion in the previous fiscal year.
Besides residential development, the company is also expanding its industrial and logistics park portfolio in major cities, alongside office and retail real estate projects. Macrotech Developers is currently involved in a legal dispute with the House of Abhinandan Lodha, a company formed by Abhishek Lodha's younger brother, over the use of the 'Lodha' brand name.
News source: Hindustan TimesImage Source: www.msn.com
Next Story
Mumbai-Ahmedabad Bullet Train Set to Launch by 2028
India鈥檚 first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India鈥檚 infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..
Next Story
Mumbai-Gandhinagar Train Service Enhances Passenger Capacity
The Mumbai Central鈥揋andhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India鈥檚 busiest business corridors. This upgrade, effective from 11 May, raised the train鈥檚 seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai鈥揂hmedabad鈥揋andhinagar route, which regularly operates at over 150 percent seat occupancy...
Next Story
Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently
Delhi鈥檚 ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river鈥檚 health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..
