Lodha records best-ever Q3 pre-sales

08 Jan 2024 CW Team

Realty developer Lodha, listed as Macrotech Developers, has recorded its best-ever third quarter pre-sales at Rs 3,410 crore and collections of Rs 2,594 crore for the quarter ended December.

The developer has added three more new projects during the quarter with gross development value potential of Rs 6,000 crore taking the project addition in the first three quarters of 2023-24 to Rs 20,300 crore.

With this, the company has surpassed its guidance of Rs 17,500 crore project addition for the year with a quarter to spare.

?It is heartening to witness the housing cycle taking shape with each passing quarter. Consumer?s desire to own a quality home early in their life journey and upgrade their lifestyle, continues to strengthen. On the back of steady rise in income levels and ample job creation this desire is translating into robust demand for high quality homes,? said Abhishek Lodha, MD & CEO, Lodha.

According to him, this fundamental driver of demand has enabled the company to deliver its best-ever third quarter pre-sales performance at Rs 3,410 crores. This was despite the adverse seasonality of the inauspicious period of ?Shraddhh? in October this financial year as against September in 2022-23.

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..