Page 2 - Macrotech Developers

Macrotech Developers Q1 sales bookings up nearly 3-fold to Rs 2,814 crore

Realty firm Macrotech Developers on Wednesday reported a nearly three-fold jump annually in its sales bookings at Rs 2,814 crore in the April-June quarter of this fiscal on strong demand for its residential properties. Macrotech Developers sells its properties under Lodha brand. It has a major presence in Mumbai Metropolitan Region (MMR) and Pune market. The company has recently forayed into Bengaluru. In a statement, Macrotech Developers said it has achieved a pre-sales of Rs 2,814 crore during the first quarter of 2022-23 fiscal, showing a robust increase of 194 per cent from the year-ago period. The sales in April-June 2021 were impacted due to the second wave of the Covid pandemic. The collections from customers in India rose 53 per cent annually to 2,616 crore. Net debt reduced by Rs 450 crore to Rs 8,858 crore. Commenting on the performance, Abhishek Lodha, MD & CEO, Macrotech Developers, said: "Q1FY23 was our best ever 1st quarter with Rs 2,814 crore of pre-sales from our .

Macrotech Developers enters B'luru; eyes Rs 1,200 cr sales from 1st project

Realty major Macrotech Developers Ltd announced its entry in the Bengaluru market and has formed a joint venture to develop its first housing project with an estimated sales bookings of Rs 1,200 cr

Macrotech, Brigade Ent: Bet on these stks to benefit from real estate boom

Among other real-estate stocks, Indiabulls Real Estate remains in the bear trap, while Sobha and Godrej Properties were seen struggling to make a come back.

Macrotech Developers to provide warehousing space to Skechers near Mumbai

Realty firm Macrotech Developers Ltd on Wednesday said it will provide 1.1 million square feet of warehousing space to Skechers, a global athletic footwear and apparel brand, at Palava near Mumbai. Macrotech Developers markets its real estate properties under the Lodha brand. In a statement, the company said it has "closed a built-to-suit transaction with Skechers to develop 1.1 million square feet at National Distribution Centre (NDC) at Lodha Industrial and Logistics Park, Palava". The development will be undertaken by Palava Induslogic 2, where Macrotech Developers and an affiliate of Morgan Stanley Real Estate Investing (MSREI) have partnered for developing a warehouse park spread across a 72-acre land parcel. The new Skechers distribution centre will be undertaken in two phases, with the first phase being delivered in mid-2023. The logistics centre will be the second-largest NDC for Skechers in Asia and is also expected to be one of the tallest warehouse structures in ...

Macrotech to invest Rs 3.8k cr in FY23 on realty projects' construction: MD

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

Macrotech in talks with investors for industrial park funding platform

Macrotech Developers, one of the leading real estate developers in the country, got listed last year by raising Rs 2,500 crore through its Initial Public Offer (IPO).

Macrotech aims 27% growth in sales bookings to Rs 11,500 cr this fiscal

The company, which got listed last year by raising Rs 2,500 crore through its Initial Public Offer (IPO), markets its product under the Lodha brand

Stocks to Watch: Bajaj Finance, Tata Motors, GMDC, HDFC Life, YES Bank

Stocks to Watch today: Bajaj Finance, HDFC Life, Macrotech Developers, KPIT Technologies are among those slated to announce their Q4 earnings today.

India home to 12 real estate billionaires; Rajiv Singh of DLF the richest

A large part of the rise in the fortunes of these realty barons is attributed to a rally in the real estate stocks at the bourses. For the year under review, the BSE Realty index gained 55 per cent

Macrotech arm Lodha prepays $170 mn debt out of total $225 million

Lodha Developers International Ltd, Mauritius has prepaid $170 million (approx. Rs 1,298 crore) of debt after recording better sales performances in its two projects in London.

Minor impact of new Covid-19 wave on sales, says Abhishek Lodha

Realty firm Macrotech Developers saw a "minor" impact on housing demand in the first two weeks of January this year due to surge in COVID cases and remains confident of meeting the Rs 9,000-crore sales bookings target for this fiscal, its MD & CEO Abhishek Lodha said. Macrotech Developers markets its properties under the Lodha brand. It is developing projects in the Mumbai region and Pune. In an interview with PTI, Abhishek Lodha said the company has increased prices by an average 4-5 per cent so far this fiscal. Continuing with its asset-light model, Lodha said the company has entered into 11 joint development agreements (JDAs), worth Rs 14,500 crore sales value potential, so far this fiscal and hopes to conclude more by March-end. When asked about the impact of new wave of the COVID infections, Lodha said: "There was a minor impact in the first two weeks of this months as there were restrictions on movement." However, he said the sentiments among homebuyers remains positive and

Realty firm Macrotech Developers Q3 profit up 24% at Rs 286 crore

Realty firm Macrotech Developers on Tuesday reported a 24 per cent increase in its consolidated net profit to Rs 286.38 crore for the quarter ended December on higher sales.

Market wrap: Sensex crashes 1,546 pts, Nifty below 17,150 amid Fed suspense

Broader markets worst hit, BSE SmallCap index slips over 4%; BSE IPO index plunges 7% as Zomato, Nykaa tank up to 20%

Macrotech forms 11 JVs since April 2021 to develop Rs 14,500-cr projects

Mumbai-based Macrotech Developers, which is one of the leading real estate developers in India, markets its properties under Lodha brand

Macrotech Developers Q3 sales bookings up 40% to Rs 2,608 crore

Macrotech Developers, one of the leading real estate developers in India, markets its properties under Lodha brand

Macrotech ties up with Morgan Stanley to build warehousing project

Realty firm Macrotech Developers said it has partnered with Morgan Stanley Real Estate Investing to develop a premium warehousing project near Mumbai with an investment of Rs 600 crore.

Macrotech Developers rallies 6%, hits new high on growth prospects

The company plans to nearly double its pre-sales to Rs 14,000 crore by financial year 2023-24 (FY24) and further grow to Rs 20,000 crore by FY26

Macrotech Developers to invest Rs 3,000 crore as it eyes Bengaluru entry

Realty firm Macrotech Developers, which has projects in Mumbai and Pune regions, is looking to enter the Bengaluru market to tap huge property demand in the IT city and will invest Rs 3,000 crore equity capital for growth as it aims to increase its annual sales bookings by almost three times to Rs 20,000 crore by 2025-26, a top company official said. The Mumbai-based company, erstwhile Lodha Developers, is one of the leading real estate firms in the country and markets its properties under 'Lodha' brand. In an interview with PTI, Macrotech Developers Managing Director and CEO Abhishek Lodha said the company would deploy Rs 3,000 crore, out of the total Rs 4,000 crore recently being raised via sale of shares to institutional investors, for growth in the capital-light manner in Mumbai Metropolitan Region (MMR) and Pune. "Now with our balance sheet being rock solid that it is right now, the demand is just becoming enormous. That is why we have raised fresh capital within seven months o

Strong pre-sales growth, debt reduction to support Macrotech stock

Capital raise to aid joint development projects and expansion

Macrotech Developers raises Rs 4,000 cr via QIP for growth, debt reduction

Realty firm Macrotech Developers has raised Rs 4,000 crore through sale of shares to institutional investors