Macrotech Buys 10 Land Parcels for Rs 240 Bn Housing Projects

15 Apr 2025 CW Team

In its operational update, the company reported that it added 10 new projects during the year, excluding Digital Infrastructure projects, with a Gross Development Value (GDV) of Rs 237 billion. This exceeded its earlier guidance of Rs 210 billion for the fiscal year. The addition includes two new projects in Pune, contributing Rs 43 billion to the GDV. This brings the company's total presence in Pune to nine locations, positioning it for further market share growth and reinforcing its ambition to become the leading developer in the city.

On the Digital Infrastructure front, Macrotech Developers expanded into new locations with two projects in NCR and Chennai. Additionally, the company acquired its joint venture partner’s stake in the existing platform, enhancing its position in warehousing and industrial developments.

For the fourth quarter of FY25, the company reported a 14 per cent year-on-year increase in sales bookings, reaching Rs 48.10 billion, up from Rs 42.30 billion in the same period last year. Overall, Macrotech Developers achieved a 21 per cent growth in sales bookings for FY25, totalling a record Rs 176.30 billion, compared to Rs 145.20 billion in the previous fiscal year.

Besides residential development, the company is also expanding its industrial and logistics park portfolio in major cities, alongside office and retail real estate projects. Macrotech Developers is currently involved in a legal dispute with the House of Abhinandan Lodha, a company formed by Abhishek Lodha's younger brother, over the use of the 'Lodha' brand name.

News source: Hindustan Times

Image Source: www.msn.com

Macrotech Developers, a Mumbai-based listed real estate company, has acquired 10 land parcels in FY25, planning to develop housing projects with an estimated total sales value of approximately Rs 240 billion across Mumbai Metropolitan Region (MMR), Bengaluru, and Pune. In its operational update, the company reported that it added 10 new projects during the year, excluding Digital Infrastructure projects, with a Gross Development Value (GDV) of Rs 237 billion. This exceeded its earlier guidance of Rs 210 billion for the fiscal year. The addition includes two new projects in Pune, contributing Rs 43 billion to the GDV. This brings the company's total presence in Pune to nine locations, positioning it for further market share growth and reinforcing its ambition to become the leading developer in the city. On the Digital Infrastructure front, Macrotech Developers expanded into new locations with two projects in NCR and Chennai. Additionally, the company acquired its joint venture partner’s stake in the existing platform, enhancing its position in warehousing and industrial developments. For the fourth quarter of FY25, the company reported a 14 per cent year-on-year increase in sales bookings, reaching Rs 48.10 billion, up from Rs 42.30 billion in the same period last year. Overall, Macrotech Developers achieved a 21 per cent growth in sales bookings for FY25, totalling a record Rs 176.30 billion, compared to Rs 145.20 billion in the previous fiscal year. Besides residential development, the company is also expanding its industrial and logistics park portfolio in major cities, alongside office and retail real estate projects. Macrotech Developers is currently involved in a legal dispute with the House of Abhinandan Lodha, a company formed by Abhishek Lodha's younger brother, over the use of the 'Lodha' brand name. News source: Hindustan TimesImage Source: www.msn.com

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Equipment

10 Mar 2026

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

Equipment

10 Mar 2026

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..