Macrotech Developers Sees 20% Surge in Q1 Sale Bookings to Rs 4030 Crore Amidst Strong Housing Demand
Macrotech Developers has reported a 20% growth in Q1 sale bookings to Rs 4030 crore, driven by strong housing demand. The company plans to launch 17 new projects and 7 new phases in existing projects across Mumbai, Pune, and Bengaluru.
Macrotech DevelopersLodhaReal EstateHousing DemandSale BookingsReal Estate NewsJul 13, 2024
In its latest operational update, Macrotech Developers reported a 12% increase in collections from customers to Rs 2690 crore in April-June FY25, compared to Rs 2400 crore in the corresponding period of the previous year.
The company has a significant presence in the Mumbai Metropolitan Region (MMR) and Pune, and has recently entered Bengaluru. To boost sale bookings, Macrotech Developers plans to launch 17 new housing projects this fiscal year, having a revenue potential of Rs 12,000 crore. These projects will be launched across the three cities, with a total area of 10.1 million square feet and an estimated gross development value (GDV) of Rs 12,100 crore.
In the previous year, Macrotech Developers had registered a 20% growth in sale bookings to a record Rs 14,520 crore. The company has given a guidance of achieving 21% annual growth in sale bookings this fiscal to Rs 17,500 crore.
Macrotech Developers has a strong track record of delivering quality projects, having delivered around 100 million square feet of real estate so far. The company is currently developing more than 110 million square feet of real estate under its ongoing and planned portfolio.
The company's strong performance in the first quarter is a testament to its commitment to providing quality housing to its customers. With its plans to launch new projects and phases, Macrotech Developers is well-positioned to capitalize on the growing housing demand in India.
Information Macrotech Developers is a leading real estate developer in India, known for its high-quality projects and customer-centric approach. The company has a significant presence in the Mumbai Metropolitan Region (MMR) and Pune, and has recently entered Bengaluru.
Macrotech Developers is a leading real estate developer in India, dedicated to providing quality housing to its customers. With a strong track record of delivering quality projects, the company is committed to excellence in every aspect of its business.
Frequently Asked Questions
What is the sale booking value of Macrotech Developers in Q1 FY25?
Rs 4030 crore
What is the growth rate of sale bookings of Macrotech Developers in Q1 FY25?
20%
How many new housing projects will Macrotech Developers launch this fiscal year?
17
What is the estimated gross development value (GDV) of the projects to be launched by Macrotech Developers?
Rs 12,100 crore
How much real estate has Macrotech Developers delivered so far?
Around 100 million square feet
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