Mumbai Real Estate Giant Macrotech Developers Sees 20% Surge in Q1 Sales
Strong housing demand drives Macrotech Developers' Q1 sales up 20% to Rs 4,030 crore, with a focus on Mumbai Metropolitan Region and Pune
Macrotech DevelopersMumbai Real EstateHousing DemandLodha BrandIndia InfrastructureReal Estate MumbaiJul 13, 2024
The company's sale bookings stood at Rs 3,350 crore in the same period last year. Furthermore, the collection from customers rose 12% to Rs 2,690 crore in April-June 2025, compared to Rs 2,400 crore in the corresponding period of the previous year.
Macrotech Developers, which operates under the Lodha brand, has reported a record sale booking of Rs 14,520 crore during 2023-24, a 20% growth from the previous year. The company has set a guidance of achieving 21% annual growth in sale bookings this fiscal year, with a target of Rs 17,500 crore.
To achieve this goal, Macrotech Developers plans to launch 17 new housing projects this fiscal year, with a revenue potential of Rs 12,000 crore. These projects will be spread across MMR, Pune, and Bengaluru, with a total area of 10.1 million square feet and an estimated gross development value (GDV) of Rs 12,100 crore.
Macrotech Developers has an impressive track record of delivering over 100 million square feet of real estate and is actively developing more than 110 million square feet under its ongoing and planned portfolio.
Information
Macrotech Developers is a leading real estate company in India, with a significant presence in MMR and Pune. The company is known for its high-quality residential projects and has recently expanded its operations to Bengaluru.
Macrotech Developers is a Mumbai-based real estate firm that has been operating in India for over two decades. The company is committed to delivering quality residential projects that cater to the growing demand for housing in the country.
Frequently Asked Questions
What was Macrotech Developers' Q1 sale booking value?
Rs 4,030 crore
What is the company's target for sale bookings in FY25?
Rs 17,500 crore
How many new housing projects will Macrotech Developers launch in FY25?
17 projects
What is the total area to be launched by Macrotech Developers in FY25?
10.1 million square feet
What is the estimated GDV of the projects to be launched by Macrotech Developers in FY25?
Rs 12,100 crore
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