Mumbai-based Macrotech Developer, earlier known as Lodha Developers, announced that they will double the investment on construction to Rs 2,800 crore in this fiscal. Last month the company successfully launched its Rs 2,500-crore initial public offering (IPO), after which the company has been listed on the stock exchange. Lodha brought up that the absolute expenditure on construction declined the previous fiscal year as the works on the venture locales were affected for nearly a half year. The real estate developer delivered 2.7 million sq ft space in the last fiscal year as against 15.7 million sq ft in 2019-20. The company also said that it will continue to trim its debt number.
Contact: Macrotech Developer.
Tel: 022-6773 7373.
Website: www.lodhagroup.in
