Macrotech Developers to set up industrial park funding platform

Taking ‘stock’ of the real estate market

Steps in the right direction, but the market still remains cautious of the real estate index.

Business is booming, with many developers putting their balance sheets in order, and completions and deliveries being the order of the day. However, experts are still unwilling to declare this as an investable sector, as many policy loopholes exist. Land aggregation norms appear to be a significant hurdle, which some address through joint venture developments. The larger players are cornering a substantial share of the market. The question remains: Is Indian real estate a stable asset on In..

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..

Rs 45 bn investment by Macrotech Developers on real estate projects

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 bil..

DLF Launches Luxury Project in Gurugram

DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.

The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..

Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects

Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.

The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..