1 week Ago By Itishree Sethy
Macrotech Developers Ltd, operating under the well-known ‘Lodha’ brand, has unveiled its strategic investment plan for the current fiscal year, aiming to bolster its footprint in India’s burgeoning real estate market. The company intends to invest over ₹8,000 crore in land acquisition across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru to develop residential housing projects. This follows last year’s investment of Rs 7,000 crore and aligns with its target of launching projects valued at Rs 25,000 crore.
Executive Director-Finance Sushil Kumar Modi highlighted the sustained demand for housing from trusted brands, which drives the company’s ambitious plans for joint development agreements and outright purchases of land parcels. Macrotech Developers also announced a 20% increase in its fiscal sale bookings target, aspiring for ₹21,000 crore compared to Rs 17,630 crore achieved last year. This strategic expansion comes on the heels of a notable financial performance in the latest quarter, with a consolidated net profit surge of 38% to Rs 921.
7 crore, supported by total annual income growth to Rs 14,169.8 crore. Macrotech Developers continues to make its mark in the real estate sector, having delivered 100 million square feet of projects and actively developing over 110 million square feet.
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