+
Macrotech Developers report 20% sales growth to Rs 40.3 bn in Q1 FY25
Real Estate

Macrotech Developers report 20% sales growth to Rs 40.3 bn in Q1 FY25

Macrotech Developers has reported a 20% growth in sales bookings to Rs 40.3 billion for the first quarter of FY25, driven by robust housing demand. The company's sales bookings stood at Rs 33.5 billion during the same period last year.

According to its latest operational update posted on stock exchanges, collections from customers increased by 12% to Rs 26.9 billion in April-June FY25, up from Rs 24 billion in the corresponding period of the previous year.

For the fiscal year 2023-24, Macrotech Developers achieved a record 20% growth in sale bookings (pre-sales), reaching Rs 145.2 billion, compared to Rs 120.6 billion the previous year. The company has set a target of achieving a 21% annual growth in sale bookings this fiscal year, aiming for Rs 175 billion.

Macrotech Developers, which operates under the Lodha brand and has a significant presence in the Mumbai Metropolitan Region (MMR) and Pune, recently expanded into Bengaluru. The company plans to launch 17 housing projects this fiscal year, with a revenue potential of Rs 120 billion, to boost sale bookings.

Specifically, the company will launch 10 new projects and seven new phases in existing residential projects across the three cities during 2024-25. The total area to be launched is estimated at 10.1 million square feet, with an estimated gross development value (GDV) of Rs 121 billion.

Macrotech Developers has delivered around 100 million square feet of real estate and is developing over 110 million square feet within its on-going and planned portfolio. (Source: ET)

Macrotech Developers has reported a 20% growth in sales bookings to Rs 40.3 billion for the first quarter of FY25, driven by robust housing demand. The company's sales bookings stood at Rs 33.5 billion during the same period last year. According to its latest operational update posted on stock exchanges, collections from customers increased by 12% to Rs 26.9 billion in April-June FY25, up from Rs 24 billion in the corresponding period of the previous year. For the fiscal year 2023-24, Macrotech Developers achieved a record 20% growth in sale bookings (pre-sales), reaching Rs 145.2 billion, compared to Rs 120.6 billion the previous year. The company has set a target of achieving a 21% annual growth in sale bookings this fiscal year, aiming for Rs 175 billion. Macrotech Developers, which operates under the Lodha brand and has a significant presence in the Mumbai Metropolitan Region (MMR) and Pune, recently expanded into Bengaluru. The company plans to launch 17 housing projects this fiscal year, with a revenue potential of Rs 120 billion, to boost sale bookings. Specifically, the company will launch 10 new projects and seven new phases in existing residential projects across the three cities during 2024-25. The total area to be launched is estimated at 10.1 million square feet, with an estimated gross development value (GDV) of Rs 121 billion. Macrotech Developers has delivered around 100 million square feet of real estate and is developing over 110 million square feet within its on-going and planned portfolio. (Source: ET)

Related Stories

Gold Stories

Next Story
Infrastructure Transport

MMRDA Targets Completion of Projects by December 2028

The Mumbai Metropolitan Region Development Authority (MMRDA) is targeting the completion of all its ongoing infrastructure projects by December 2028, a year ahead of its December 2029 deadline, Metropolitan Commissioner Dr Sanjay Mukherjee has said.Speaking at the sixth edition of the Real Estate & Infrastructure Investors' Summit (REIIS) 2026 in Mumbai, Mukherjee said the authority was developing an integrated network of roads, tunnels, sea links and Metro corridors under its broader vision of “Mumbai in 59 Minutes”.The objective is to improve east-west and north-south connectivity an..

Next Story
Building Material

High-Performance Façades Gain Ground in Indian Buildings

High-performance façades are gaining greater importance in Indian architecture as developers and architects increasingly focus on energy efficiency, thermal comfort and building performance, according to Shankar Fenestrations & Glasses.The company said modern façade systems are increasingly being considered as part of a building's overall performance strategy rather than being used primarily as aesthetic elements.High-performance glass, curtain wall systems and structural glazing can contribute to thermal regulation, solar control, daylight management and indoor comfort. Their growing ad..

Next Story
Technology

SPML Infra's 104.4 kWh BESS Battery Pack Clears Global Tests

SPML Infra has announced that its proprietary 104.4 kWh Battery Energy Storage System (BESS) battery pack has completed key international safety, performance and transportation testing and certification requirements, marking a step towards its commercial deployment.Developed under the company's own intellectual property, the battery pack has completed requirements under UL9540A, IEC 62619, IEC 63056, IEC 60730, IEC 61000-6-2, IEC 61000-6-4 and UN38.3 standards.The testing covers areas including thermal runaway safety, battery performance, system functional safety, electromagnetic compatibility..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code