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
Related News Articles
Pune's Real Estate Boom Shines Bright in Sangamwadi
Top-tier real estate developers have identified the potential of Sangamwadi and are launching premium housing projects with state-of-the-art amenities.
Sunny Leone's ₹8 Crore Real Estate Investment: New Office Space in Oshiwara
Bollywood actress and entrepreneur Sunny Leone has made a significant investment in commercial real estate by acquiring a premium office space in Oshiwara, Mumbai, for ₹8 crore.
Congress Reverses BRS Rule Impact, Slows Down Telangana Real Estate Market
In a recent statement, Harish Rao highlighted four key decisions made by the Revanth Reddy government that have significantly slowed down the real estate market in Telangana. The reversal of the BRS rule is one of the main factors.
MMR Real Estate: A Year of Unprecedented Growth and Resilience in FY 2024-25
The Mumbai Metropolitan Region (MMR) real estate market has seen a remarkable year of growth and resilience, marking FY 2024-25 as a landmark period in the sector's history.
DLF Plans to Launch First Phase of Mumbai Project in Q4FY25
DLF Limited, a leading real estate developer, is set to launch the first phase of its Mumbai project in the fourth quarter of FY25. This project, located in Andheri (West), is being developed in partnership with the Trident Group and is a Slum Rehabilitat
Maharashtra Assembly Polls: BJP and Congress Gear Up with Media Engagement Teams
Ahead of the Maharashtra Assembly elections, BJP and Congress announce their media engagement teams to address the public and counter fake narratives.