Macrotech Developers Q2 FY22 sales: Bookings jump to Rs 2,003 cr
Real Estate

Macrotech Developers Q2 FY22 sales: Bookings jump to Rs 2,003 cr

On Wednesday, real estate company, Macrotech Developers, which sells properties under the Lodha brand, recorded an 88% increase in its sales bookings to Rs 2,003 crore for the September 2021 quarter.

In London business, Macrotech Developers attained a sales booking of Rs 1,450 crore in the September quarter.

Mumbai-based Macrotech Developers, named Lodha Developers, is one of the biggest real estate companies in the nation.

MD and CEO of Macrotech Developers, Abhishek Lodha, told the media that led by the power of their brand and flexible industry trends, they have recorded strong pre-sales growth of 8% during the quarter on a YoY(year-on-year) basis, and more than twice their pre-sales on a QoQ (quarter-on-quarter) basis.

He remained confident of obtaining pre-sales guidance of about Rs 9,000 crore in the current financial year and lessening net debt to about Rs 10,000 crore by March-end.

Lodha said that the firm observed strong demand across its portfolio, both in ready and under-construction projects.

With the forthcoming festive season, they are sure that we would observe a huge rise in sales as consumers are so interested in moving into a bigger and better house.

He mentioned that customers are catching onto the trend of purchasing a house instead of renting.

Image Source


Also read: Macrotech Developers sells properties worth Rs 1,100 cr in September

Also read: Macrotech Developers expects to meet 50% growth target sales in FY22

On Wednesday, real estate company, Macrotech Developers, which sells properties under the Lodha brand, recorded an 88% increase in its sales bookings to Rs 2,003 crore for the September 2021 quarter. In London business, Macrotech Developers attained a sales booking of Rs 1,450 crore in the September quarter. Mumbai-based Macrotech Developers, named Lodha Developers, is one of the biggest real estate companies in the nation. MD and CEO of Macrotech Developers, Abhishek Lodha, told the media that led by the power of their brand and flexible industry trends, they have recorded strong pre-sales growth of 8% during the quarter on a YoY(year-on-year) basis, and more than twice their pre-sales on a QoQ (quarter-on-quarter) basis. He remained confident of obtaining pre-sales guidance of about Rs 9,000 crore in the current financial year and lessening net debt to about Rs 10,000 crore by March-end. Lodha said that the firm observed strong demand across its portfolio, both in ready and under-construction projects. With the forthcoming festive season, they are sure that we would observe a huge rise in sales as consumers are so interested in moving into a bigger and better house. He mentioned that customers are catching onto the trend of purchasing a house instead of renting. Image SourceAlso read: Macrotech Developers sells properties worth Rs 1,100 cr in September Also read: Macrotech Developers expects to meet 50% growth target sales in FY22

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?