Macrotech Developers Achieves Record-Breaking Quarterly Pre-Sales of Rs 4290 Cr
Macrotech Developers (Lodha Group) has reported its highest-ever quarterly pre-sales of Rs 4,290 crore during the third quarter of the financial year 2025 (FY25).
Real EstateRealtyHousingInfrastructureDigital InfrastructureReal Estate NewsOct 04, 2024
The company also reported pre-sales of Rs 8,320 crore during the first half of FY25 (H1 FY25), which is 21% more than the corresponding period of the last financial year. The company's collections during the quarter stood at Rs 3,070 crore, up 11% Y-o-Y, while collections during H1 FY25 were Rs 5,760 crore.
Macrotech's four projects across Pune and Bengaluru contributed Rs 5,500 crore as gross development value (GDV). The company further stated that business development for H1 FY25 stood at Rs 16,600 crore, which is over 75% of the full-year guidance of Rs 21,000 crore.
Additionally, the company expressed its interest in exploring opportunities to scale its digital infrastructure portfolio. It acquired about 45 acres of land for its digital infrastructure (warehousing and industrial) business in Chennai and entered into an agreement to increase its stake in rental income from its digital infrastructure platform to 66.7% from 33%.
The company's net debt stands at Rs 4,920 crore, well below the ceiling of 0.5x net debt/equity. About Macrotech Developers (Lodha Group) \nMacrotech Developers (Lodha Group) is a leading real estate developer in India, known for its high-quality residential and commercial projects. The company has a strong presence in Mumbai, Pune, and Bengaluru, and has delivered numerous iconic projects over the years.
Frequently Asked Questions
What was Macrotech Developers' quarterly pre-sales for Q3 FY25?
Rs 4,290 crore
What was the year-on-year increase in Macrotech Developers' quarterly pre-sales?
21%
What is Macrotech Developers' net debt?
Rs 4,920 crore
What is Macrotech Developers' business development for H1 FY25?
Rs 16,600 crore
What is Macrotech Developers' stake in rental income from its digital infrastructure platform?
66.7%
Related News Articles
Boosting Affordable Housing: A Key Expectation from the Upcoming Union Budget
The real estate sector has high hopes from the Modi 3.0 regime as the Union Budget for 2024-25 approaches, with a focus on affordable housing being a top priority.
The Rise of Millennial Homebuyers: Redefining the Housing Market
Online property search portal NoBroker reports a 23% increase in millennial homebuyers on its platform, driving changes in the housing market.
Mumbai Aims to Become Slum-Free with 5,000 Redevelopment Projects
NAREDCO requests state government to allocate 5,000 slum redevelopment projects to industry body, aiming to make Mumbai a slum-free city
Safeguard Your Real Estate Investments: UPRERA's Guidelines for Home Buyers
The UP Real Estate Regulatory Authority (UPRERA) has emphasized the importance of executing sales and purchase of real estate projects only through agents registered with the UPRERA to safeguard the interests of all stakeholders.
MahaRERA Issues New Orders to Protect Real Estate Buyers
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced five new directives to ensure the safety and protection of real estate buyers in the state.
Pune's Real Estate Market Witnessing a Surge in Luxury Housing Demand
Adding perspective on this trend, Dinesh Agrawal, Co-Chairman of BramhaCorp Ltd., a leading real estate developer in Pune, remarked, “The demand for luxury housing in Pune has seen a significant surge in the past year, driven by a combination of economic