Macrotech Developers Achieves Record Sales Bookings of Rs 4,290 Crore in Q2
Macrotech Developers, a leading real estate firm, has reported a 21% increase in sales bookings to a record Rs 4,290 crore during the July-September period, driven by strong housing demand.
Macrotech DevelopersReal EstateSales BookingsQ2 ResultsLodha BrandReal Estate NewsOct 04, 2024
According to a regulatory filing, Macrotech Developers achieved its best-ever quarterly pre-sales of Rs 42.9 billion, despite the inauspicious Shradhh' period falling in September this fiscal year. The company's collections of funds stood at Rs 3,070 crore in Q2, up 11% from the year-ago period.
Macrotech Developers has also added four new land parcels in Pune and Bengaluru, with a revenue potential of Rs 5,500 crore. The company is confident of achieving its target of 20% growth in sales bookings during this fiscal year, having already registered a 20% growth in sales bookings to a record Rs 14,520 crore in 2023-24. Macrotech Developers has delivered around 100 million square feet of real estate and is developing more than 110 million square feet under its ongoing and planned portfolio.
Frequently Asked Questions
What was Macrotech Developers' sales bookings in Q2?
Rs 4,290 crore
What is Macrotech Developers' target for sales bookings in this fiscal year?
20% growth
How much real estate has Macrotech Developers delivered?
Around 100 million square feet
What is the revenue potential of the new land parcels added by Macrotech Developers?
Rs 5,500 crore
What is the name of the brand under which Macrotech Developers operates?
Lodha brand
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