Macrotech Developers Sees 20% Surge in Sales Bookings in Q1 FY25
Macrotech Developers, a leading Indian real estate developer, has reported a 20% growth in sales bookings in Q1 FY25, driven by strong demand in the Mumbai Metropolitan Region and Pune.
Macrotech DevelopersReal EstateMumbai Metropolitan RegionPuneBengaluruLodha BrandSales BookingsHousing DemandReal Estate MumbaiJul 14, 2024
The company's collection from customers also increased by 12% to Rs 2,690 crore in April-June FY25, compared to Rs 2,400 crore in the corresponding period of the previous year. Macrotech Developers had registered a 20% growth in its sale bookings (pre-sales) to a record Rs 14,520 crore during 2023-24, as against Rs 12,060 crore in the previous year.
The company has given a guidance of achieving 21% annual growth in sale bookings this fiscal to Rs 17,500 crore. To achieve this goal, Macrotech Developers plans to launch 17 housing projects this fiscal year, having a revenue potential of Rs 12,000 crore. These projects will be launched across three cities - Mumbai Metropolitan Region (MMR), Pune, and Bengaluru.
The company will launch 10 new projects and seven new phases in existing residential projects during 2024-25, with a total area of 10.1 million square feet and an estimated gross development value (GDV) of Rs 12,100 crore. With a track record of delivering around 100 million square feet of real estate, Macrotech Developers is developing more than 110 million square feet under its ongoing and planned portfolio.
The growth in sales bookings is a testament to the company's strong brand presence and its ability to tap into the growing demand for housing in India's tier-I cities. The company's focus on launching new projects and expanding its presence in new markets is expected to drive growth in the coming quarters.
Information
Macrotech Developers is a leading Indian real estate developer with a significant presence in the Mumbai Metropolitan Region and Pune. The company has a strong brand presence and a track record of delivering high-quality projects.
Macrotech Developers is a leading Indian real estate developer that markets its properties under the Lodha brand. The company has a significant presence in the Mumbai Metropolitan Region and Pune, and has recently entered the Bengaluru market.
Frequently Asked Questions
What is the growth rate of Macrotech Developers' sales bookings in Q1 FY25?
The company has reported a 20% growth in sales bookings in Q1 FY25.
What is the total area to be launched by Macrotech Developers in 2024-25?
The company will launch 10 new projects and seven new phases in existing residential projects, with a total area of 10.1 million square feet.
What is the estimated gross development value (GDV) of Macrotech Developers' new launches?
The estimated GDV of the new launches is Rs 12,100 crore.
What is the company's guidance for annual growth in sale bookings in FY25?
Macrotech Developers has given a guidance of achieving 21% annual growth in sale bookings this fiscal to Rs 17,500 crore.
What is the company's track record of delivering real estate projects?
Macrotech Developers has delivered around 100 million square feet of real estate and is developing more than 110 million square feet under its ongoing and planned portfolio.
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