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

08 Aug 2023 CW Team

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.

Infrastructure Transport

15 May 2026

MMRDA Removes 1.14 lakh m of Metro Barricades

In a bid to ease congestion and improve urban mobility during monsoon, MMRDA has undertaken one of the largest coordinated barricade removal and monsoon preparedness drives across its ongoing metro and infrastructure projects.With substantial progress achieved in viaduct and structural works across multiple metro corridors, barricades from completed stretches beneath metro viaducts are being systematically removed, restoring maximum possible road space before the monsoon. Wider carriageways across key arterial roads are expected to improve traffic flow, reduce congestion, support better rainwa..

Pune Division to Remove All Diamond Crossings by Year-End

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Goa Declares 80 Million Square Metres No Development Zone

The Goa state government has declared 80 million square metres (mn) of land a no development zone, designating the area as protected from new construction. The notification reclassifies tracts across the state under a no development category for planning and regulatory purposes. The declaration signals a formal halt to new building permits within the defined zone. Authorities indicated that maps will be issued to show broad boundaries while detailed surveys will refine precise limits. The move transfers responsibility for enforcement to local planning authorities and relevant departments, whic..