Macrotech Developers signs 5 JDAs in H1 for Rs 4,500 cr projects
Real Estate

Macrotech Developers signs 5 JDAs in H1 for Rs 4,500 cr projects

Realty major Macrotech Developers has created five joint ventures since April to build projects having sales potential of Rs 4,500 crore and aims to enter into five more such deals with landowners by the end of FY22.

Mumbai-based Macrotech Developers, one of the preeminent real estate developers in the nation, sells its properties under the Lodha brand.

Macrotech Developers MD and CEO Abhishek Lodha told the media that they inked five JDAs (joint development agreements) in the first half of this financial year to develop projects worth nearly Rs 4,500 crore. And the pipeline of JDAs seems very good.

The growth potential in five JDAs is about 4 million sq ft in several micro-markets of Mumbai Metropolitan Region (MMR) and Pune.

Macrotech is assessing many offers from landowners, which involve individuals and small real estate companies, to collectively build real estate projects.

Macrotech Developers, which got registered on the stock exchanges in April after raising Rs 2,500 crore through its initial public offering (IPO), aims to achieve a 50% increase in sales bookings of about Rs 9,000 crore in FY22.

The firm has already marketed properties of Rs 2,960 crore during April-September and is certain to list more than Rs 6,000 crore sales in the second half of this fiscal.

They continue to believe that we would attain their sales bookings guidance of about Rs 9,000 crore in FY22.

Macrotech Developers' sales bookings reached Rs 5,970 crore during the last financial year.

Macrotech needs to achieve Rs 5,000 crore of sales bookings during October-March period of FY22 from its residential portfolio. Rs 1,000 crore will come from non-regular sales, monetisation of warehousing and commercial units.

The firm has been concentrating on sustainable development by decreasing carbon footprints and developing green covers across all its projects.

The homeownership concept has attained importance since the Covid-19 pandemic. There is a good interest in good quality products. Low interest rates on house loans is also a significant factor, Lodha said.

Image Source

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

Realty major Macrotech Developers has created five joint ventures since April to build projects having sales potential of Rs 4,500 crore and aims to enter into five more such deals with landowners by the end of FY22. Mumbai-based Macrotech Developers, one of the preeminent real estate developers in the nation, sells its properties under the Lodha brand. Macrotech Developers MD and CEO Abhishek Lodha told the media that they inked five JDAs (joint development agreements) in the first half of this financial year to develop projects worth nearly Rs 4,500 crore. And the pipeline of JDAs seems very good. The growth potential in five JDAs is about 4 million sq ft in several micro-markets of Mumbai Metropolitan Region (MMR) and Pune. Macrotech is assessing many offers from landowners, which involve individuals and small real estate companies, to collectively build real estate projects. Macrotech Developers, which got registered on the stock exchanges in April after raising Rs 2,500 crore through its initial public offering (IPO), aims to achieve a 50% increase in sales bookings of about Rs 9,000 crore in FY22. The firm has already marketed properties of Rs 2,960 crore during April-September and is certain to list more than Rs 6,000 crore sales in the second half of this fiscal. They continue to believe that we would attain their sales bookings guidance of about Rs 9,000 crore in FY22. Macrotech Developers' sales bookings reached Rs 5,970 crore during the last financial year. Macrotech needs to achieve Rs 5,000 crore of sales bookings during October-March period of FY22 from its residential portfolio. Rs 1,000 crore will come from non-regular sales, monetisation of warehousing and commercial units. The firm has been concentrating on sustainable development by decreasing carbon footprints and developing green covers across all its projects. The homeownership concept has attained importance since the Covid-19 pandemic. There is a good interest in good quality products. Low interest rates on house loans is also a significant factor, Lodha said. Image Source Also read: Macrotech Developers Q2 FY22 sales: Bookings jump to Rs 2,003 cr

Next Story
Real Estate

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie.   Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Next Story
Equipment

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision.  Hussain S..

Next Story
Infrastructure Energy

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?