Macrotech targets Rs 12,000 Billion revenue from Mumbai, Bengaluru ventures
Real Estate

Macrotech targets Rs 12,000 Billion revenue from Mumbai, Bengaluru ventures

Real estate company Macrotech Developers Ltd recently acquired five plots of land in the Mumbai region and Bengaluru during the April to June quarter. These acquisitions are part of the company's plan to develop housing projects that have the potential to generate revenue of Rs 12,000 billion. Abhishek Lodha, MD and CEO of Macrotech Developers, expressed that they have successfully added projects worth Rs 120 billion in the first quarter of this fiscal year, aligning with their annual target guidance of Rs 175 billion. He stated to PTI that there are no revisions being made to their target for business development at present. Macrotech Developers operates under the Lodha brand, engaging in both land purchases and joint development agreements (JDAs) with landowners to establish a pipeline for future real estate ventures. "We are partners for landowners, offering both deals and JDAs," said Lodha.

Real estate company Macrotech Developers Ltd recently acquired five plots of land in the Mumbai region and Bengaluru during the April to June quarter. These acquisitions are part of the company's plan to develop housing projects that have the potential to generate revenue of Rs 12,000 billion. Abhishek Lodha, MD and CEO of Macrotech Developers, expressed that they have successfully added projects worth Rs 120 billion in the first quarter of this fiscal year, aligning with their annual target guidance of Rs 175 billion. He stated to PTI that there are no revisions being made to their target for business development at present. Macrotech Developers operates under the Lodha brand, engaging in both land purchases and joint development agreements (JDAs) with landowners to establish a pipeline for future real estate ventures. We are partners for landowners, offering both deals and JDAs, said Lodha.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code