Page 3 - Lodhas Developers

Shiva trilogy's author Amish Tripathi buys Rs 13.7 cr flat in South Mumbai

The newly acquired property, located in the World One project by the Lodha Group, spans approximately 251 square meters or 2,700 square feet (carpet area) and is a ready-to-move-in residence.

Macrotech Developers trim debt by 55% to Rs 3,010 cr in March quarter

Realty firm Macrotech Developers Ltd has reduced its net debt by 55 per cent in the fourth quarter of the last fiscal to Rs 3,010 crore with the help of internal accruals and equity fundraising. Its net debt stood at Rs 6,750 crore as of December 31, 2023. Macrotech Developers, which sells properties under the brand Lodha, is one of the leading real estate developers in India. The company's net debt stood at Rs 3,010 crore as of March 31, 2024, down 55 per cent from the previous quarter, according to a regulatory filing. The net debt is 57 per cent lower than Rs 7,070 crore at the end of the 2022-23 fiscal. Surplus cash flow generated from the business, coupled with the raising of equity capital, helped the company in reducing the net debt. "On the back of strong operating cash flow generation and recently concluded equity raise, our net debt further reduced to Rs 3,010 crore," the company said. The company had a target to bring down the net borrowings to Rs 6,000 crore level by

Macrotech adds 7 land parcels in H1 to build Rs 14,300 cr housing projects

Looking to expand its business, Macrotech Developers added 7 new land parcels in the Mumbai region and Bengaluru during the April-September period for development of housing projects having sales value of Rs 14,300 crore. Macrotech Developers, which sells properties under the 'Lodha' brand, added these land parcels through outright purchases and joint ventures with landlords. In an interview with PTI, Macrotech Developers Managing Director and Chief Executive Officer Abhishek Lodha said the company during the first half of 2023-24 fiscal added multiple land parcels, which have a potential saleable area of 8.3 million square feet with an estimated sales value of Rs 14,300 crore. "For new business development, we gave a guidance of Rs 17,500 crore for this financial year. We have added new projects that have a gross development value of Rs 14,300 crore. So, we have already achieved more than 80 per cent of our annual target," he said. Out of seven, six land parcels have been added in

Macrotech Developers hits 52-week high; surges 5% on healthy outlook

MDL's operating performance is expected to remain healthy in FY24, supported by healthy enduser demand, strong launch pipeline and healthy affordability, while maintaining a reducing debt trajectory.

Taparia family buys India's costliest apartment worth Rs 369 cr in Mumbai

The apartment is part of a sea-view luxury triplex apartment located in South Mumbai's Malabar Hill

DLF, Macrotech Developers: Realty stocks remain resilient amid sell-off

Since the start of the current year, the Nifty Realty pack has remained laggard and traded with a weak bias down 1.5 cent lower so far in 2023.

Stocks to Watch: TCS, Paytm, PTC, Lodha, Heritage Foods, Electronics Mart

Stocks to Watch: TCS and other IT stocks in focus, as the Tata Group IT major will be reporting its Q3 earnings on Monday.

Lodha records Rs 9,000 cr sales in nine months, continues to prune debt

Company says it is on course to surpass its pre-sales guidance of Rs 11,500 crore for FY23

At home in super luxury: the rise of a real estate trend

The sale of properties that only the super-rich can afford is bumping up two years after the pandemic hit the country

Macrotech Developers slips 8% after 2% equity changed hands via block deals

Till 10:11 am; around 6.2 million shares or 1.33 per cent of total equity of the company changed hands on the NSE, exchange data shows.

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

KEC Intl, Macrotech: 5 Nifty 500 stocks that are on the verge of a breakout

KEC International and Shriram Transport Finance can soar up to 22 per cent, while Macrotech Developers, Gujarat Fluorochemicals and Godrej Consumer can rally up to 15 per cent, show charts.

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.

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.

Macrotech Developers up 14% on QIP issue; stock gains 200% in 7 months

The floor price of the QIP issue is Rs 1,184.70 per equity share, Macrotech Developers said in a regulatory filing.

Lodha launches Rs 4,000-cr QIP, fund raise will lead to 7.5% dilution

Close to 34 million new shares will be issued; BofA Securities, JP Morgan and Kotak Mahindra Capital are the investment banks handling the share sale

Harsh Lodha wins Supreme Court battle, can head four Birla companies

Top court directed Calcutta HC to dispose of all outstanding appeals and cross-appeals over Lodha holding office as a director in MP Birla Group companies by next March

Stocks to watch: Macrotech Developers, HDFC Bank, Mindtree, RCom, ACC

ICICI Lombard General Insurance Company reported 23 per cent YoY rise in net profit at Rs 346 crore for March quarter 2020-21

Lodha group's Rs 2,500 crore IPO subscribed 35% on penultimate day

Most of the bids so far have come from qualified institutional buyers (QIB)