Macrotech Developers' net profit rises 87.02% in Q3 FY25

28 Jan 2025 CW Team

Macrotech Developers has reported a growth of 87.02 per cent in its net consolidated profit during the quarter ended December 31, 2024. Its profit after tax stood at Rs 9.44 billion in Q3 FY25 as against Rs 505.2 it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

Based on the recommendation of the nomination & remuneration committee, the board of directors have approved the appointment of Sushil Kumar Modi as an additional and whole-time director, for a term of three years, with effect from January 25, 2025. The board also approved the appointment of Sanjay Chauhan as the chief financial officer (CFO) and key managerial personnel of the company with effect from January 25, 2025.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..