Macrotech Developers Achieves ₹4,500 Crore Pre-Sales in Q3FY25, Adds New Projects
Macrotech Developers, known as Lodha, has reported pre-sales of over ₹4,500 crore in Q3FY25, a 32% YoY growth. The company has added new projects in the Mumbai Metropolitan Region, Pune, and Bengaluru, with a GDV of over ₹19,500 crore.
Macrotech DevelopersLodhaReal EstatePresalesBengaluruReal Estate PuneJan 06, 2025
The company recorded pre-sales of over ₹4,500 crore, marking a 32% growth from ₹3,400 crore in the same period last year.
This is the highest pre-sales figure the company has ever reported.
On the collections front, Macrotech Developers managed to collect over ₹4,200 crore in Q3FY25, a 66% increase from the ₹2,500 crore collected in the same quarter last year.
The company attributed this strong performance to its strategic focus and market demand.
In a regulatory filing on January 6, Macrotech Developers announced the addition of a new project in the Bengaluru real estate market.
This project has a gross development value (GDV) of over ₹2,800 crore.
With this addition, the company now has a total of five locations in Bengaluru, which are expected to drive significant pre-sales growth in the coming fiscal year.
Over the first nine months of FY25, Macrotech Developers has added eight new projects across the Mumbai Metropolitan Region, Pune, and Bengaluru.
These projects have a combined GDV of over ₹19,500 crore, contributing to the company's achievement of over 90% of its full-year guidance.
In the digital infrastructure segment, the company acquired 33 acres of land in Delhi NCR for its warehousing and industrial business.
Additionally, it entered into an agreement with its joint venture partner to increase its stake in rental income from the Digital Infrastructure platform.
This move aligns with the company's strategy for sustainable growth and risk mitigation in its development business.
Macrotech Developers has also managed to reduce its net debt by over ₹600 crore to ₹4,300 crore, thanks to strong collections.
The company's debt-to-equity ratio is below the 0.5x threshold, indicating a healthy financial position.
Abhishek Lodha, the Managing Director and CEO of Macrotech Developers, emphasized the company's plans for the Bengaluru market during the Q2FY25 earnings call.
He stated that the pilot phase in Bengaluru, which began in mid-2021, has concluded successfully.
The company has built a strong local operating team and gained a deep understanding of the local market.
Lodha set a target of achieving a 15% market share in Bengaluru by the end of the decade.
Overall, Macrotech Developers continues to demonstrate strong growth and strategic expansion, positioning itself as a leading player in the Indian real estate market.
Frequently Asked Questions
What are the pre-sales reported by Macrotech Developers in Q3FY25?
Macrotech Developers reported pre-sales of over ₹4,500 crore in Q3FY25, marking a 32% growth from the same period last year.
How many new projects has Macrotech Developers added in FY25?
Macrotech Developers has added eight new projects across the Mumbai Metropolitan Region, Pune, and Bengaluru in FY25, with a combined GDV of over ₹19,500 crore.
What is the gross development value (GDV) of the new project in Bengaluru?
The new project in Bengaluru has a gross development value (GDV) of over ₹2,800 crore.
What is Macrotech Developers' target market share in Bengaluru?
Macrotech Developers aims to achieve a 15% market share in Bengaluru by the end of the decade.
How has Macrotech Developers reduced its net debt?
Macrotech Developers has reduced its net debt by over ₹600 crore to ₹4,300 crore, primarily due to strong collections and a healthy financial strategy.
Related News Articles
Unlocking the $730M Real Estate Commission Settlement: How to Claim Your Share
Discover how the massive $730 million real estate commission settlement can benefit you. Learn the steps to claim your share and understand the implications of this landmark decision.
MHADA Lottery 2024: 19,000 Affordable Homes for Sale in MMR and Pune at ₹12 Lakh and Above
The Maharashtra Housing and Area Development Authority (MHADA) is set to launch a lottery for 19,000 affordable homes in the Mumbai Metropolitan Region (MMR) and Pune. The homes are priced starting from ₹12 lakh, offering a glimmer of hope for low and mid
Keystone Realtors Sees 50% Drop in Q3 2024 Net Profit
Keystone Realtors, a leading real estate developer in India, reports a 50% decline in net profit for the December 2024 quarter. The company's total income also saw a decrease. The developer has a significant portfolio of projects in the Mumbai Metropolita
Pune: Former NCP Corporator Vanraj Andekar Shot Dead, Police Suspect Family Dispute
Former NCP corporator Vanraj Andekar was shot dead in Pune's Nana Peth area, police suspect family dispute
Uncovering the Lasalgaon Onion Purchase Scam: A Probe into the Multi-Crore Fraud
The Lasalgaon onion purchase probe has uncovered a massive scam, with allegations of corruption and misappropriation of funds. Read on to know more about the investigation and its implications.
2025 Outlook: Noida's Retail and Commercial Real Estate on the Rise
Noida, a bustling suburb of Delhi, is poised for a significant real estate boom in the coming years. The city is rapidly transforming into a hub for commercial and retail activities, driven by increasing investments and infrastructure development.