Mumbai-based Macrotech Developers Ltd, which operates under the ‘Lodha’ brand, plans to launch residential projects worth Rs 190 billion across Mumbai Metropolitan Region (MMR), Pune, and Bengaluru in the current fiscal year, riding high on strong housing demand.

According to Executive Director–Finance Sushil Kumar Modi, the company will launch 17 housing projects covering 13 million square feet in 2025-26, significantly up from the 10 million sq ft launched last fiscal with a Gross Development Value (GDV) of Rs 140 billion.

Modi highlighted that Macrotech is targeting sharp growth in Pune and Bengaluru. Pre-sales in Pune rose to Rs 25 billion in FY25 from Rs 18 billion the year before. In Bengaluru, the company recorded Rs 8 billion in sales last fiscal and aims to double this in FY26.

To fuel future growth, Macrotech plans to invest over Rs 80 billion this fiscal to acquire land parcels in MMR, Pune, and Bengaluru. These will support projects with a potential revenue of Rs 250 billion.

“In 2024-25, we invested Rs 70 billion for new business development and acquired 10 land parcels with Rs 237 billion in potential revenue,” said Modi. The company acquires land through outright purchases and joint development agreements (JDAs).

Operationally, Macrotech has set a target of Rs 210 billion in sale bookings this fiscal—nearly 20% higher than the Rs 176.3 billion achieved in FY25.

On the financial front, the firm reported a consolidated net profit of Rs 2,764.3 crore (Rs 27.6 billion) in FY25, up from Rs 15.5 billion in the previous year. Total income rose to Rs 141.7 billion from Rs 104.7 billion year-on-year.

Macrotech Developers has delivered about 100 million sq ft of real estate and is actively developing another 110 million sq ft across its current and upcoming portfolio.