Lodha Group

Here's why Macrotech Developers shares were buzzing in weak market; details

The indicative time period for completion of the acquisition of Bellissimo Digital Infrastructure is 30 days while 180 days for Palava Induslogic 4 and Bellissimo In City FC Mumbai

Lodha Group to transfer 18% stake in Macrotech Developers for philanthropy

Lodha Philanthropy Foundation (LPF) will have an initial corpus of Rs 20,000 cror

Macrotech Developers posts highest-ever quarterly pre-sales of Rs 4,290 cr

The company expressed its interest in exploring opportunities to scale its digital infrastructure portfolio

House of Abhinandan Lodha eyes 30% growth in property sales in FY25

Realty firm The House of Abhinandan Lodha, which is into development of residential plots, reported a 3-fold jump in sales bookings last financial year to Rs 1,800 crore and is targeting at least a 30 per cent growth in 2024-25, amid strong consumer demand. Mumbai-based The House of Abhinandan Lodha, which was formed in 2021, has already launched nearly 10 plotted development projects covering 650 acres in Maharashtra, Goa, and Ayodhya in Uttar Pradesh. The company has sold plots in a price range of Rs 10 lakh to Rs 15 crore, depending on the location. In an interview to PTI, the company's Chairman Abhinandan Lodha noted that the demand for housing plots has been very strong post-COVID pandemic. Asked about operational performances, he said, "In the last fiscal, we did close to Rs 1,800 crore of sales bookings as against around Rs 570 crore in the 2022-23 fiscal. We expect our sales to continue to grow at 30 per cent or more in the current fiscal." Lodha said the company's profit a

These are top picks by Jigar S Patel of Anand Rathi for August 8

At the current juncture, ICICI Bank has found support within its previous breakout range and has maintained this level for the past three sessions.

Real estate demand to remain buoyant in India, says Abhinandan Lodha

Lodha firm targets Rs 2,400 cr revenue in FY25

Macrotech acquires 3 land parcels during April-June quarter in Mumbai, Pune

Bullish on housing demand, realty firm Macrotech Developers has acquired three land parcels in the Mumbai region and Pune during the April-June quarter to develop projects with a revenue potential of more than Rs 11,000 crore. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, is acquiring land parcels through two routes -- outright purchases and partnerships with landowners. Giving an update on business development, Macrotech Developers said, "We added three projects in MMR (Mumbai Metropolitan Region) and Pune having Rs 11,100 crore of GDV (gross development value), which is more than 50 per cent of full-year guidance of Rs 21,000 crore". The company, in its latest operational updates, did not mention whether it bought outright or entered into joint development agreements (JDAs) with landowners. During 2023-24, the company added many new land parcels to build housing projects with a potential sales value of over Rs 20,000 crore. To expand busi

BSE Realty index down 1.5% in a firm market; Godrej Properties weighs

Real-estate stock update: Realty stocks were witnessing some profit-taking on Thursday, as the BSE Realty index has rallied over 23 per cent so far in 2024.

Calcutta High Court modifies the extent of Priyamvada Birla estate

The Harsh Lodha side claimed that the ruling was 'firmly' in its favour

Macrotech Developers to launch 16 projects worth Rs 10,300 crore in H2 FY23

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,

Birla Corp to invest $1 bn over eight yrs, raise capacity to 30 mn tonnes

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

Sales, debt reduction shape strong outlook for Macrotech Developers

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

Lodha claims 47% in Peerless after NCLT says share allotment to Roys 'void'

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

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 Developers Q2 profit at Rs 223cr; total revenue jumps over 2-fold

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

Lodha Group ties up with Tata Power for EV charging infrastructure

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

Lodha group forms 4 JVs in Q1 for realty projects, eyes 2 JVs every quarter

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

Macrotech Developers net debt falls 23% in Q1 to Rs 12,435 crore

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

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

Lodha Group's Rs 2,500-crore IPO subscribed 26% on Day 1

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