Macrotech Developers plan to invest Rs 2,800 cr on realty in FY22

17 May 2021 CW Team

Realty firm Macrotech Developers will double its speculation on construction to Rs 2,800 crore in FY22 to accelerate works at different ventures, which were hampered a year ago because of the Covid-19 pandemic and nationwide lockdown.

Mumbai-based Macrotech Developers, previously known as Lodha Developers, is one of the leading real estate firms in the country. The organisation got recorded on the stock exchange a month ago after the fruitful launch of its Rs 2,500 crore initial public offering (IPO).

Macrotech Developers CEO and MD Abhishek Lodha told the media that the company would fundamentally focus on the advancement of residential and warehousing properties in the Mumbai Metropolitan Region (MMR) and Pune throughout the following few years.

He also told the media that the housing request has been delayed from April-May. However, it is probably going to get up from the following month. Like the e-commerce area, he said that these two fragments had acquired significance during this pandemic.

Lodha brought up that the absolute expenditure on construction declined the previous fiscal year as the works on the venture locales were affected for nearly a half year.

The real estate developer delivered 2.7 million sq ft space in the last fiscal year as against 15.7 million sq ft in 2019-20.

Lodha told the media its pre-sales stood at Rs 5,970 crore during the last fiscal year. In the 2019-20 fiscal, the organisation's business appointments remained at Rs 6,570 crore.

While 10% contribution was from land monetisation in warehousing and industrial space, around 90% of pre-deals came from the residential portion and that too in an affordable and mid-pay category.

Image Source

Also read: Lodha aims to turn company debt-free by FY2024

Also read: Lodha IPO: Macrotech Developers to launch Rs 2,500 cr IPO

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..