Macrotech Developers Reports 32% Surge in Q3 Sales Bookings, Reaches Record Rs 4,510 Crore
Macrotech Developers, a prominent real estate developer in India, has reported a significant 32% increase in its sales bookings for the quarter ended December, reaching a record Rs 4,510 crore. The company, known for its Lodha brand, has a strong presence
Macrotech DevelopersReal EstateSales BookingsMumbai Metropolitan RegionPuneReal Estate MumbaiJan 06, 2025
This impressive performance is attributed to the increased demand for residential properties.
In the same quarter of the previous year, the company's sales bookings stood at Rs 3,410 crore.
Macrotech Developers, which operates under the Lodha brand, is one of the leading real estate developers in India.
The company stated in a regulatory filing,
Frequently Asked Questions
What is the percentage increase in Macrotech Developers' sales bookings for the quarter ended December?
Macrotech Developers reported a 32% increase in its sales bookings for the quarter ended December.
What was the total sales booking amount for Macrotech Developers in the quarter ended December?
The total sales booking amount for Macrotech Developers in the quarter ended December was Rs 4,510 crore.
What is the growth in sales bookings during the first nine months of the current fiscal year compared to the same period in the previous year?
During the first nine months of the current fiscal year, Macrotech Developers achieved a 25% growth in sales bookings, reaching Rs 12,820 crore from Rs 10,300 crore in the same period of the previous year.
What is Macrotech Developers' guidance for the current fiscal year in terms of sales bookings growth?
Macrotech Developers has set a guidance of achieving a 21% annual growth in sale bookings this fiscal, aiming to reach Rs 17,500 crore.
In which regions does Macrotech Developers have a strong presence?
Macrotech Developers has a strong presence in the Mumbai Metropolitan Region (MMR), Pune, and has expanded to the Bengaluru housing market. The company is also involved in the development of industrial and logistics parks across various states in India.
Related News Articles
Current Gold Prices in Major Indian Cities: Latest Rates and Updates
Stay updated with the latest gold prices for 10 grams of 22-carat gold in major Indian cities across India.
Equinox India Developments Limited: The New Face of Indiabulls Real Estate
Listed real estate developer Indiabulls Real Estate Limited has undergone a transformation, changing its name to Equinox India Developments Limited with effect from June 20, 2024.
Real Estate Entrepreneur Kamlesh Kumar Jailed in Ranchi Amid Money Laundering Probe
The Enforcement Directorate (ED) has arrested Real Estate businessman Kamlesh Kumar in Ranchi under the Prevention of Money Laundering Act (PMLA).
Navneet Rana to Skip Maharashtra Assembly Polls, Eyes Rajya Sabha Seat
Navneet Rana, a prominent political figure in Maharashtra, has announced that he will not contest in the upcoming Maharashtra Assembly elections. Instead, he is setting his sights on a membership in the Rajya Sabha. This decision comes after a series of s
Micromitti to Launch SM-REITs: A New Era for Real Estate Investment in Central India
Micromitti, a leading PropTech firm in Central India, is set to introduce Real Estate Investment Trusts (REITs), AIF Category 2 Real Estate Funds, and Private Equity (PE) investments, providing high-return opportunities for individual investors.
Bhopal Sees Property Rates Soar by Up to 200% in 243 Locations
Property rates in Bhopal have increased by up to 200% in 243 locations, including prime areas like Arera Colony, 10 Number Market, and MP Nagar, sparking opposition from builders and developers.