Macrotech Developers Witness 20% Surge in Q1 Sale Bookings to Rs 4,030 Crore
Real estate major Macrotech Developers has reported a significant 20% increase in sale bookings to Rs 4,030 crore in Q1, driven by robust housing demand.
Real EstateMacrotech DevelopersHousing MarketSale BookingsLodhaReal Estate NewsJul 13, 2024
The company, which markets its properties under the Lodha brand, has also reported a 12% increase in collections from customers, reaching Rs 2,690 crore in April-June 2024, compared to Rs 2,400 crore in the corresponding period of the previous year.
Macrotech Developers has achieved a record sale booking of Rs 14,520 crore during 2023-24, marking a 20% growth compared to Rs 12,060 crore in the previous year. The company has set a guidance of achieving 21% annual growth in sale bookings this fiscal year, targeting Rs 17,500 crore.
To boost sale bookings, Macrotech Developers is planning to launch 17 housing projects this fiscal year, with a revenue potential of Rs 12,000 crore. The projects will be launched across Mumbai, Pune, and Bengaluru, with an estimated gross development value (GDV) of Rs 12,100 crore.
The company has a significant presence in the Mumbai Metropolitan Region (MMR) and Pune, and has recently entered the Bengaluru market. 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.
Information
Macrotech Developers is a leading real estate company in India, known for its luxury residential projects under the Lodha brand. The company has a strong presence in the Mumbai Metropolitan Region (MMR) and Pune, and has recently expanded its operations to Bengaluru.
Macrotech Developers is a renowned real estate company in India, dedicated to providing luxurious living spaces to its customers. With a strong track record of delivering high-quality projects, the company has established itself as a trusted brand in the Indian real estate industry.
Frequently Asked Questions
What was the growth in sale bookings of Macrotech Developers in Q1?
The company reported a 20% growth in sale bookings to Rs 4,030 crore in Q1.
What is the revenue potential of the 17 housing projects to be launched by Macrotech Developers?
The revenue potential of the 17 housing projects is estimated to be Rs 12,000 crore.
What is the gross development value (GDV) of the projects to be launched by Macrotech Developers?
The estimated GDV of the projects is Rs 12,100 crore.
What is the company's guidance for annual growth in sale bookings this fiscal year?
The company has set a guidance of achieving 21% annual growth in sale bookings this fiscal year, targeting Rs 17,500 crore.
How much area is Macrotech Developers developing under its ongoing and planned portfolio?
The company is developing more than 110 million square feet under its ongoing and planned portfolio.
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