Macrotech Acquires Land in Mumbai, Pune

25 Jul 2024 CW Team

Macrotech Developers, a prominent real estate company, has successfully acquired three land parcels in Mumbai and Pune during the April-June quarter of 2024. This strategic acquisition aligns with the company's expansion plans to strengthen its presence in key markets and capitalize on the growing demand for residential and commercial spaces in these cities.

The land parcels are strategically located in prime areas of Mumbai and Pune, known for their robust infrastructure, connectivity, and high potential for real estate development. These acquisitions are part of Macrotech's broader strategy to enhance its land bank and drive future growth by developing high-quality projects that cater to the evolving needs of urban dwellers and businesses.

Macrotech Developers, known for its marquee projects under the Lodha brand, aims to leverage these acquisitions to launch new residential and commercial projects, contributing to the urban development and economic growth of Mumbai and Pune. The company's focus on acquiring well-located land parcels underscores its commitment to delivering value to its stakeholders through strategic expansion and development.

The real estate market in Mumbai and Pune continues to show resilience and growth potential, driven by factors such as increasing urbanization, improved infrastructure, and a rising demand for quality living and working spaces. Macrotech's recent acquisitions position the company to benefit from these market dynamics and meet the growing demand in these key regions.

In conclusion, Macrotech Developers' acquisition of three land parcels in Mumbai and Pune during the April-June quarter marks a significant step in the company's strategic growth plan. By expanding its land bank in prime locations, Macrotech is poised to develop new projects that will enhance its market presence and contribute to the urban development of these thriving cities.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..