Lodha Group

Realty firm Macrotech Developers plans to launch 16 new projects in the second half of this fiscal with an estimated sales potential of Rs 10,300 crore as it seeks to tap rising housing demand. Macrotech Developers, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country. It has a major presence in Mumbai Metropolitan Region (MMR) and Pune property markets, while recently making an entry into the Bengaluru market with one housing project. According to an investor's presentation, the company launched a 4.4 million square feet area during the April-September period of this fiscal with an estimated sales booking of Rs 8,480 crore. For the second half of this fiscal, Macrotech Developers has lined up new launches of 16 projects, comprising a 7.3 million square feet area with an estimated sales value of Rs 10,300 crore. These projects would be a mix of fully-owned and joint development with landowners. In an interview with PTI last week,

Current consolidated capacity is about 20 mn tonnes; mix of greenfield and brownfield projects, de-bottlenecking existing operations to help add another 10 mn tonnes

Realty company on track to meet FY23 target of Rs 11,500 crore in bookings

Peerless Managing Director Jayanta Roy said that the order was nothing but a stage of litigation

Asked about deliveries of projects, he said the company delivered 6,000 housing units last fiscal year and the target is 10,000 units for 2022-23

Realty firm Macrotech Developers Ltd on Thursday reported its consolidated net profit at Rs 223.36 crore for the quarter ended September. The company had posted a net loss of Rs 362.58 crore in the year-ago period. Total income more than doubled to Rs 2,201.66 crore in the second quarter of this fiscal year from Rs 988.18 crore in the corresponding period of the previous year, the company said in a regulatory filing. Commenting on the results, Abhishek Lodha, Managing Director and Chief Executive Officer, Macrotech Developers Ltd said, Housing market in the last 9 months has gone from strength to strength." The long-term potential of housing as a wealth creator as well as an employment generator is now being well recognized by all stakeholders. "To capture this strong growth, in a short period of time since our IPO, we have been able to add 5 JDA (Joint Development Agreement) projects in the micromarkets of MMR and Pune where we have limited or no presence," Lodha said. The combi

Real estate developer Lodha Group has tied up with Tata Power to provide electric vehicle charging infrastructure at its residential and commercial projects.

Macrotech Developers, which sells properties under Lodha brand, has formed four JVs in April-June to build projects of Rs 3,500 crore, eyes two such tie-ups every quarter, a top company official

Realty firm Macrotech Developers has reduced net debt by 23 per cent during the first quarter of this fiscal year to Rs 12,435 crore

Palava Industrial and Logistics Park has now emerged as the preferred partner for companies looking for warehousing and industrial space solutions in Mumbai

A day earlier, the company allotted shares worth Rs 740 crore to anchor investors

Lodha Group considered a listing in 2009 and 2018, but shelved the plan due to unfavourable market conditions

Name of buyer not revealed, per-square-foot rate works out to Rs 9 lakh

Admitting the appeals, the bench directed that applications for a stay on the operation of the single bench verdict sought by the appellants will be taken up for hearing on Thursday

Developer claims 80 units were sold on Sunday (April 26) across its residential portfolio with a high preference for ready-to-move inventories

Realty firm Lodha Group on Friday said its UK subsidiary has raised USD 200 million (around Rs 1,473 crore) through issuance of bonds in the Singapore market and the amount will be used to repay debt. Lodha Developers International Ltd, a wholly-owned subsidiary of Mumbai-based Macrotech Developers (earlier known as Lodha Developers), closed its dollar bond-issue and raised USD 200 million in Senior Secured Notes maturing in 2023. Lodha Developers International launchedUSD 225 million bond-issue on February 27. The bonds will be listed on the Singapore Exchange. The proceedswill be used to fully repay its outstanding USD 324 million Senior Notes due on March 13, 2020, a company statement said. "We closed the bond raise of USD 200 million with leading global investors. Several existing investors increased their position. Bankers to the deal were JP Morgan, UBS and CLSA," said Macrotech Developers MD & CEO Abhishek Lodha. Many global investors, including Allianz, Citi, UBS, and ...

The bonds will be listed on Singapore exchanges. JP Morgan, UBS and CLSA are the merchant bankers for the issue

In the first nine months of 2019-20, sales have reached around Rs 5,000 crore, up 15 per cent from the corresponding period of the previous year.

It has a total debt of over Rs 19,000 cr, of which Rs 17,000 cr is from India business and rest from London market, but Lodha exuded confidence that it would become net debt free in the next 2 years

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