Macrotech Developers Reports Rs 45 Billion Pre-Sales for Q3FY25

08 Jan 2025 CW Team

Macrotech Developers (Lodha Group) announced pre-sales exceeding Rs 45 billion for Q3FY25, marking a 32% year-on-year growth from Rs 34 billion in the same period last year. This figure represents the highest-ever pre-sales reported by the company.

Additionally, the company reported collections of over Rs 42 billion for Q4FY25, a 66% increase from Rs 25 billion during the same period in FY24.

In a regulatory filing on January 6, Macrotech revealed the launch of a new project in Bengaluru, valued at Rs 28 billion in gross development value (GDV). This addition brings the company’s presence in Bengaluru to five locations, with expectations for significant pre-sales growth in the city starting next fiscal year.

In the first nine months of FY25, the company launched eight new projects across Mumbai, Pune, and Bengaluru, with a combined GDV of over Rs 195 billion, achieving more than 90% of its full-year sales guidance.

Macrotech also made strategic acquisitions, including 33 acres of land for its Digital Infrastructure business in Delhi NCR. The company has partnered with its joint venture to increase its stake in its rental income platform, aligning with its strategy for stable annuity income and risk mitigation.

As of the latest update, the company’s net debt has reduced by Rs 6 billion to Rs 43 billion, with a debt-to-equity ratio of under 0.5x.

Abhishek Lodha, Managing Director and CEO, had previously outlined the company’s goals for Bengaluru, aiming for a 15% market share in the city’s real estate market by the end of the decade.

(Hinudstan Times)

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..