Macrotech Developers has achieved impressive pre-sales and growth in the third quarter of FY25. Explore the details of their performance and strategic moves.
Macrotech DevelopersReal EstatePresalesBengaluruQ3 Fy25Real Estate MumbaiJan 06, 2025
Macrotech Developers recorded pre-sales of Rs 45.1 billion in the third quarter of the financial year 2024-25, registering a 32% year-on-year growth.
For the nine months of FY25, Macrotech Developers achieved pre-sales of Rs 128.2 billion, showing a 25% year-on-year growth.
Macrotech Developers has launched eight new projects in the nine months of FY25, with a total Gross Development Value (GDV) of Rs 195 billion.
Macrotech Developers acquired about 33 acres of land for its digital infrastructure business, focusing on warehousing and industrial sectors, in the National Capital Region (NCR).
Macrotech Developers' net debt reduced by Rs 6.1 billion to Rs 43.2 billion during Q3 FY25, reflecting its commitment to financial discipline.
UltraTech Cement, India's leading cement manufacturer, has acquired an additional 25% stake in UAE-based RAKWCT, taking its total holding to 54.39%. This strategic move marks a significant milestone in the company's expansion plans.
The Maharashtra Real Estate Appellate Tribunal (MREAT) has set aside a conditional interest payment order by MahaRERA, directing ITMC developers to pay a 2% interest on outstanding amounts without any concessions.
Maratha quota activist Manoj Jarange-Patil has requested all the candidates backed by him to withdraw their nominations, a move that has been hailed by Sharad Pawar.
India's wealthiest man, Mukesh Ambani, has gifted his son Anant and daughter-in-law Radhika Merchant a lavish beachfront villa in Dubai's exclusive Palm Jumeirah. Spanning 26,033 square feet, this property is a symbol of luxury and grandeur.
Many upper-middle-class Indians are keen on investing in Dubai real estate due to high rental yields, no tax payment requirement, and appealing lifestyle benefits. However, it’s crucial to consider factors like FEMA limits, hidden costs, and reputable dev
India's luxury housing market is experiencing unprecedented growth in 2024, driven by economic stability and a surge in demand for high-end properties. From spacious and bespoke homes in Bengaluru to gated communities in Mumbai, the market is booming.