Indian Real Estate Market Poised for Growth, Says Industry Expert
The House of Abhinandan Lodha targets Rs 2,400 crore revenue in FY25, Macrotech acquires 3 land parcels in Mumbai and Pune, and more
Indian Real EstatePlotted LandInfrastructure DevelopmentAbhinandan LodhaThe House Of Abhinandan LodhaReal Estate PuneJul 14, 2024
As a result, The House of Abhinandan Lodha is optimistic about its future prospects, targeting a revenue of Rs 2,400 crore in FY25, a growth of 40 per cent on a year-on-year (Y-o-Y) basis. The company is sitting on 700 acres of land for plotted development, which is expected to contribute significantly to its revenue growth. Additionally, the company's earnings before interest, tax, depreciation, and amortisation (Ebitda) are expected to reach Rs 1,300 crore in FY25.
Macrotech, a leading real estate developer, has also been actively acquiring land parcels in Mumbai and Pune, further highlighting the growing demand for real estate in these regions. The company acquired three land parcels during the April-June quarter, underscoring its commitment to expanding its presence in the Indian real estate market.
The Indian real estate sector has been witnessing a resurgence in recent times, driven by factors such as the government's efforts to boost infrastructure development, the increasing demand for housing, and the growing popularity of plotted land. The BSE Realty index, which has been volatile in recent times, is expected to benefit from the growing demand for real estate in the country.
The House of Abhinandan Lodha, a leading real estate developer, has been at the forefront of the industry's growth, with a presence in multiple cities across India. The company's vision is to provide high-quality, affordable homes to customers, while also contributing to the growth of the Indian real estate sector.
The Indian real estate market is poised for growth, driven by the increasing demand for housing, the government's investments in infrastructure development, and the growing popularity of plotted land. With companies like The House of Abhinandan Lodha and Macrotech leading the way, the sector is expected to witness significant growth in the coming years.
Frequently Asked Questions
What is the target revenue of The House of Abhinandan Lodha in FY25?
Rs 2,400 crore
How much land does The House of Abhinandan Lodha have for plotted development?
700 acres
What is the expected growth of The House of Abhinandan Lodha's revenue in FY25?
40 per cent on a year-on-year (Y-o-Y) basis
Which cities did Macrotech acquire land parcels in during the April-June quarter?
Mumbai and Pune
What is the expected Ebitda of The House of Abhinandan Lodha in FY25?
Rs 1,300 crore
Tags:
Related News Articles
Embassy Group Appoints Jitendra Virwani as New Chairman and Aditya Virwani as CEO
Embassy Group, a leading real estate developer in India, has announced the appointment of Jitendra Virwani as the new Chairman and Aditya Virwani as the Chief Executive Officer (CEO). These strategic moves aim to further solidify the company's position in
Noida Authority Sends Notices to 13 Builders for Dues Worth Over Rs 8,510 Crore
Noida Authority has served notices to 13 real estate developers, including ATS, Supertech, and Logix, for dues worth over Rs 8,510 crore.
Cement Prices Drop 7% in April-January FY25: Industry Report
Cement prices experienced a significant decline of 7% during the April-January period of FY25, according to a recent industry report. This decrease is attributed to increased production from recently acquired capacities and improved operational efficiency
Expanding Horizons: Hanto Workspaces Leases 3 Lakh Sq Ft in Bengaluru, Hyderabad, and Pune
Hanto Workspaces, a leading provider of co-working spaces, is expanding its presence in major Indian cities with a 3 lakh sq ft lease, further solidifying its position in the country's booming flexible workspace sector.
Defence Stocks Soar: Can the Rally be Sustained?
Defence stocks are on a roll, with HAL leading the charge. But will the momentum last? Experts weigh in.
Kolte-Patil Developers Appoints New CEO, Rahul Talele Steps Down
Rahul Talele, CEO of Kolte-Patil Developers, has resigned to pursue professional goals outside the organization, and Atul Bohra will take over as the new CEO.