Lodha Developers

Macrotech Q3 sales bookings up 16% at Rs 3,035 cr; pre-sales rise 62%

Realty firm Macrotech Developers Ltd on Friday reported a 16 per cent growth in its sales bookings at Rs 3,035 crore in the third quarter of this fiscal on better housing demand. Macrotech Developers, which sells properties under the 'Lodha' brand, is one of the leading real estate developers of the country. In a regulatory filing, Macrotech Developers informed that the company has achieved its "best ever Q3 (October-December) pre-sales performance of Rs 3,035 crores showing a growth of 16 per cent on a YoY basis." During April-December period of 2022-23 fiscal, Macrotech Developers has clocked 62 per cent growth in its sales bookings to Rs 9,039 crore, from Rs 5,568 crore in the year-ago period. The total sales bookings in the first nine months of the current fiscal has already crossed pre-sales of Rs 9,024 crore achieved in the entire last financial year. "This puts us on track to surpass our full-year guidance of Rs 11,500 crore," the company said. The collections of money fro

SC upholds Bombay HC order quashing property tax opposed by developers

Real estate developers say they paid exorbitant amounts to municipality as Land Under Construction Tax

Stocks to Watch: Asian Paints, Biocon, IDBI, JSW Steel, Lodha, TVS Motors

State-run PSU banks and telecom stocks are likely to be in focus along with a slew of mid- and small-cap companies that shall announce their September earnings today

Macrotech Developers to meet Rs 9,000-cr property sales target in FY22

The company's sales bookings stood at Rs 5,970 crore last fiscal year

Lodha sells 22-acre land parcel in Palava industrial park to Japanese firm

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

Macrotech Developers aims record Rs 9,000 cr sales booking in FY22

We believe that the first two months will have an impact of the second wave of Covid, says Lodha

Lodha Developers makes weak stock market debut as shares fall 5.8%

The poor listing comes amid weakness in the secondary market because of the rise in Covid-19 infections and lockdown measures imposed in key states

Macrotech Developers raises Rs 740 cr from anchor investors ahead of IPO

Macrotech Developers Ltd, erstwhile Lodha Developers, on Tuesday raised Rs 740 crore from anchor investors, ahead of its initial public offer (IPO) that will hit the capital market on Wednesday.

Macrotech Developers to reduce debt by 24% to Rs 12,700 crore after IPO

He said the company's net debt for India business is Rs 16,700 crore as of December 31, 2020. "Our debt will come down to Rs 12,700 crore after the IPO".

Street signs: Macrotech GMP muted, PLI boost for AC companies & more

With the markets turning range-bound, investors are looking for bottom-up investment opportunities

Lodha Developers may hit capital market on Apr 7 with Rs 2,500 cr IPO

Mumbai-based Lodha Developers Ltd, which has been renamed Macrotech Developers, filed the draft red herring prospectus (DRHP) with the Securities Exchange Board of India (Sebi) last month

Lodha leads as developers become richer by 26% despite Covid-driven crash

The number of new rupee-billionaires in the realty world continued to swell adding eight new entrants to the list of the Hurun India's top-100 richest realty developers

BS READS: Restaurant chain to realtor - 6 IPOs to track this listing season

Startups, PSUs and big-ticket brands all plan to list, continuing a trend that raised about Rs 7,375 crore in January. Akash Podishetty evaluates six companies that are planning to bring their IPOs

Lodha's Macrotech seeks debt moratorium as sales tank 69%, reveals DRHP

However, it managed to bring down its debt by 25% to Rs 18,662 crore. Issue proceeds of Rs 2,500 cr IPO will be used mainly to prune debt by another Rs 1,500 crore

Luxury segment accounts for half of unsold houses: Lodha Developers

About 7 per cent was priced between Rs 3 crore and Rs 5 crore, 22 per cent priced between Rs 5 crore and Rs 8 crore, and 15 per cent above Rs 8 crore

Lodha Developers files draft papers with SEBI for Rs 2,500-cr IPO

The firm has revived its IPO plan for the third time

Top headlines: Tatas to buy 68% in BigBasket, India Inc profit at new high

Cairn Energy has filed a case in a US district court to enforce a $1.2 billion arbitration award it won in a tax dispute against India, a co­urt document showed. Read top news with Business Standard

Lodha Developers plans to file DRHP for Rs 2,700-crore IPO this week

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

Ind-Ra upgrades ratings for Lodha Developers group company Macrotech

Macrotech Developers' leverage and sales are expected to improve from FY22, helping its outlook

Lodha Group's UK subsidiary firm raises $200 million to pare debt

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 ...