Macrotech Developers to Launch Rs 11,980 Crore Worth Projects by March 2025
Macrotech Developers plans to launch properties worth nearly Rs 12,000 crore by March next year to tap into the housing demand. The realty firm has a strong presence in Mumbai Metropolitan Region (MMR) and Pune, and has also entered the Bengaluru region.
Macrotech DevelopersReal EstateHousing DemandMumbai Metropolitan RegionPuneBengaluruReal Estate PuneAug 23, 2024
These new launches, which will be spread across the Mumbai Metropolitan Region (MMR) and Pune, will cover an area of 9.6 million sq. ft. and offer a revenue potential of Rs 11,980 crore. The company is confident that these new launches will help it achieve a 20 percent growth in its sales bookings for the current financial year.
Macrotech Developers has a strong presence in the MMR and Pune, and has recently forayed into the Bengaluru region. The company has delivered around 100 million sq. ft. of real estate so far, and has over 110 million sq. ft. of ongoing and planned projects in its portfolio.
In the April-June quarter of the current financial year, Macrotech Developers launched six new projects, including new phases of existing projects, which comprised 1.8 million sq. ft. of area and offered an estimated revenue potential of Rs 3,010 crore.
The company's decision to launch new projects is a strategic move to tap into the growing demand for housing in the country. With the economy showing signs of recovery, the demand for housing is expected to increase in the coming months, and Macrotech Developers is well-positioned to capitalize on this trend.
The company's expansion into the Bengaluru region is also a significant move, as it looks to tap into the growing demand for housing in the city. Bengaluru is one of the fastest-growing cities in the country, and the demand for housing is expected to increase in the coming years.
With its strong presence in the MMR and Pune, and its recent foray into Bengaluru, Macrotech Developers is well-positioned to become one of the leading real estate developers in the country.
The company's focus on launching new projects is also expected to create new job opportunities in the construction and real estate sectors. With the government's focus on infrastructure development, the demand for skilled workers in the construction sector is expected to increase in the coming months.
Overall, Macrotech Developers' decision to launch new projects is a positive move, and is expected to have a significant impact on the real estate sector in the country.
About Macrotech Developers
Macrotech Developers is a leading real estate developer in India, with a strong presence in the Mumbai Metropolitan Region (MMR) and Pune. The company has delivered around 100 million sq. ft. of real estate so far, and has over 110 million sq. ft. of ongoing and planned projects in its portfolio. Macrotech Developers has recently forayed into the Bengaluru region, and is committed to providing high-quality housing solutions to its customers.
Frequently Asked Questions
What is Macrotech Developers' plan for launching new projects?
Macrotech Developers plans to launch 18 new projects, including new phases of existing projects, covering 9.6 million sq. ft. of area, and offering Rs 11,980 crore revenue potential by March 2025.
Where will Macrotech Developers launch its new projects?
The new projects will be launched in the Mumbai Metropolitan Region (MMR) and Pune.
What is Macrotech Developers' presence in the real estate market?
Macrotech Developers has a strong presence in the MMR and Pune, and has recently forayed into the Bengaluru region.
How much revenue potential does Macrotech Developers expect from its new launches?
The company expects a revenue potential of Rs 11,980 crore from its new launches.
What is Macrotech Developers' goal for sales bookings in the current financial year?
The company aims to achieve a 20 percent growth in its sales bookings for the current financial year.
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