Image Source: LiveMint
Macrotech Developers Ltd, doing business under the 'Lodha' brand, has planned to invest more than ₹8,000 crore in FY 2025-26 to buy land parcels in Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. This step is intended to expand its housing project pipeline and take advantage of increasing demand for residential property. A detailed summary is as follows:
Key Highlights
Investment and Revenue Targets:
The ₹8,000 crore investment will be in acquiring land for housing developments with an estimated revenue potential of ₹25,000 crore.
This is an increase from the ₹7,000 crore invested in FY25 for the same purposes.
Land Acquisition Strategy:
Macrotech intends to buy land outright and sign joint development agreements (JDAs) with land owners.
During FY25, the company acquired 10 land tracts in MMR, Pune, and Bengaluru with a revenue potential of ₹23,700 crore.
Strong Demand for Housing:
The firm blames its strong push for growth on strong housing demand, especially from brands with a track record of successful project implementation.
Operational Metrics:
Macrotech has guided ₹21,000 crore in sale bookings for FY26, a rise of 20% from ₹17,630 crore in FY25.
The firm recorded a 38% increase in consolidated net profit at ₹921.7 crore during the March quarter of FY25.
Future Vision:
With more than 100 million square feet of real estate already delivered and 110 million square feet in progress, Macrotech also seeks to establish itself as a market leader in India's real estate sector.
This aggressive investment reflects Macrotech Developers' resolve to address the increasing housing needs and fuel economic development in prime city hubs.
Sources: Livemint, The Hindu Business Line, Moneycontrol
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