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)

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..