Macrotech developers invests Rs 10 bn, plans project expansion

NCLT Greenlights Macrotech's Plan for V Hotels

The National Company Law Tribunal (NCLT) has granted approval to Macrotech Developers' resolution plan for V Hotels. This decision marks a significant step forward in the resolution process for V Hotels, signalling progress in addressing its financial challenges.

Macrotech Developers' resolution plan for V Hotels has received the nod from the NCLT, paving the way for the implementation of restructuring measures. The approval underscores the viability of Macrotech's proposal and its potential to revive the operations of V Hotels.

The resolution plan is expected to bring much-neede..

Macrotech Developers' Q4 Profit Declines 10.61%

Macrotech Developers, a leading real estate company, reported a 10.61% decrease in net profit for the fourth quarter of the fiscal year 2024. Despite challenges in the real estate sector, the company continued its operations, navigating through market fluctuations and economic uncertainties.

The dip in profit can be attributed to various factors affecting the real estate industry, including regulatory changes, economic slowdown, and the ongoing pandemic. Macrotech Developers, like many others in the sector, faced challenges in project execution, sales, and revenue generation amidst the..

Macrotech Developers' Q4 FY24 Profit Dip

Macrotech Developers, a prominent real estate player, has reported a 10.61% decline in net profit for the fourth quarter of the fiscal year 2024. The company's financial results for Q4 FY24 indicate a net profit of ?35 million, down from ?39.2 million recorded in the same period last fiscal year. Despite this decrease, the company remains optimistic about its future growth prospects and is committed to navigating the challenges posed by the evolving market dynamics.

The decline in net profit can be attributed to several factors impacting the real estate sector, including regulatory cha..

Residents Sceptical of Sahastradhara Road Widening

Residents in Dehradun have raised questions and expressed scepticism regarding the proposed widening project for Sahastradhara Road. The project, aimed at widening the road to accommodate increased traffic, has faced criticism and scrutiny from local residents concerned about its potential impact on the environment and surrounding areas.

The Sahastradhara Road widening project has sparked debate among residents, with some questioning the necessity and feasibility of the initiative. Critics argue that widening the road may lead to the loss of trees, green spaces, and heritage structures ..

Warburg Pincus Acquires Shriram Housing Finance

Warburg Pincus, a leading global private equity firm, has announced its acquisition of Shriram Housing Finance for an impressive sum of Rs 4,630 crore. This strategic move underscores Warburg Pincus' commitment to expanding its presence in the Indian financial sector and capitalizing on the growing demand for housing finance solutions in the country.

Shriram Housing Finance, a subsidiary of Shriram City Union Finance, has established itself as a key player in the affordable housing finance segment, catering to the needs of millions of aspiring homeowners across India. The acquisition b..