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 Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..