Macrotech Developers Sees Significant Growth in Q1 FY25 with ₹480 Crore PAT
<b>Macrotech Developers</b>, a leading <b>real estate</b> firm, reported a profit after tax (PAT) of ₹480 crore and pre-sales of ₹4,300 crore in Q1 FY25, marking a significant growth in the industry. The company's strong performance was driven by its dive
Real EstateMacrotech DevelopersPuneBudget 2024Long Term Capital GainsReal Estate PuneJul 30, 2024
The company added three more projects during the quarter in the Mumbai Metropolitan Region (MMR) and Pune with a combined gross development value of ₹11,100 crore. Macrotech Developers reported a debt of ₹4,320 crore in the first quarter of FY25.
Abhishek Lodha, MD and CEO, Macrotech Developers Ltd, said that the company's pre-sales in Pune stood at more than ₹1,000 crore in Q1, setting the stage for becoming the largest player in the city in the next few years. He attributed the strong growth in pre-sales to the company's diverse portfolio and strategic expansion in Pune.
The company has achieved more than 50% of its business development guidance in the first quarter itself. Macrotech Developers has added new projects worth over ₹65,000 crore since its IPO following a 'super market' strategy in each micro-market.
Macrotech Developers noted that the changes proposed in Budget 2024 with regard to long-term capital gains (LTCG) may lead to short-term disruption in secondary sales. However, the company believes that the changes will encourage real estate as a long-term investment avenue, and more tax liability on sale of old properties will nudge taxpayers to invest in new residential houses to save on tax.
Information
Macrotech Developers, formerly known as Lodha Developers, is a leading real estate firm in India. The company has a diverse portfolio of projects across the Mumbai Metropolitan Region (MMR) and Pune. Macrotech Developers is known for its luxury residential projects, commercial spaces, and township developments.
Macrotech Developers Ltd is a leading real estate firm in India, with a presence in the Mumbai Metropolitan Region (MMR) and Pune. The company is known for its luxury residential projects, commercial spaces, and township developments.
Frequently Asked Questions
What is the profit after tax (PAT) reported by Macrotech Developers in Q1 FY25?
Macrotech Developers reported a profit after tax (PAT) of ₹480 crore in Q1 FY25.
What is the pre-sales value reported by Macrotech Developers in Q1 FY25?
Macrotech Developers reported pre-sales of ₹4,300 crore in Q1 FY25.
What is the gross development value of the projects added by Macrotech Developers in Q1 FY25?
The gross development value of the projects added by Macrotech Developers in Q1 FY25 is ₹11,100 crore.
How much debt does Macrotech Developers have in Q1 FY25?
Macrotech Developers reported a debt of ₹4,320 crore in Q1 FY25.
What is the impact of the changes proposed in Budget 2024 on long-term capital gains (LTCG)?
The changes proposed in Budget 2024 may lead to short-term disruption in secondary sales, but will encourage real estate as a long-term investment avenue.
Related News Articles
Thane's Rise to Prominence: Affordable Luxury Projects in High Demand
Thane's real estate market is undergoing a significant transformation, driven by increasing demand for affordable luxury projects, improved infrastructure, and lifestyle-oriented living spaces.
Bollywood Star Ronit Roy Buys Luxury Apartment in Mumbai's Versova for ₹18.94 Crore
Mumbai real estate: Ronit Roy and wife Neelam Roy purchase a 4,258 sq ft apartment in Versova area of Mumbai for ₹18.94 crore, according to property registration documents.
Ex-Mumbai Top Cop Makes Stunning Claim: Anil Deshmukh's Rs 100 Crore Extortion Target
Former Mumbai police chief Param Bir Singh alleges that Anil Deshmukh set a Rs 100 crore 'collection target' for his officers in Mumbai, and money was handed over to Jayant Patil for the NCP.
Embassy REIT Raises Rs 2000 Crore in Debt: A Strategic Move in the Real Estate Sector
Embassy Office Parks REIT, one of India's leading Real Estate Investment Trusts (REITs), has successfully raised Rs 2000 crore through the issuance of Non-Convertible Debentures (NCDs). This move is expected to strengthen the company's financial position
Sell.Do: India's Top Real Estate CRM Platform Secures 30% Market Share with Advanced Features
Pune, November 29, 2024: India’s leading real estate developers have found a reliable partner in Sell.Do, a premier CRM platform tailored for the real estate sector. With over 30% market share, Sell.Do continues to set new benchmarks in customer relations
Hrithik Roshan Leases Out Mumbai's Prime Commercial Property for ₹5.62 Lakh Monthly
In a significant move, Bollywood superstar Hrithik Roshan has leased out his premium commercial property in Mumbai for a monthly rent of ₹5.62 lakh. The lease agreement was officially registered in January 2025, reflecting the high demand for commercial s