Rs 45 bn investment by Macrotech Developers on real estate projects

03 May 2023 CW Team

Macrotech Developers Ltd will spend Rs 45 billion on real estate projects this fiscal year in an effort to strengthen its execution capabilities in the face of high housing demand. One of the top real estate companies in the nation is Macrotech Developers, which has its headquarters in Mumbai and offers its properties under the Lodha brand. Abhishek Lodha, MD and CEO of Macrotech Developers, stated that despite rising mortgage rates and home costs, demand for residential houses is still robust.

He noted that the company's sales bookings increased by 34% in 2022-23 to Rs 120 billion, and that it has set a goal for a 20% increase to Rs 145 billion in the current fiscal year. The company's ability to turn land into real estate products, quick building, and then sell them indicates its strength, according to Lodha, who highlighted that the company achieved a net operating cash flow surplus of Rs 46 billion. According to him, the extra income flow was used to pay off debt and invest in real estate.

Lodha stated, "In fiscal 2022-23, we spent a little over Rs 33 billion on construction, and this fiscal year that will ramp up by around one third." He estimated that Rs 43-45 billion will be spent on the building. "Our sales bookings increased 34% previous fiscal year. As a result, the cost of building will likewise increase. It proceeds in the same manner but a little later,” according to Lodha. Additionally, he claimed that during the previous fiscal year, the company aggressively acquired land parcels with a projected revenue potential of close to Rs 200 billion.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..