Macrotech Developers

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Nifty Realty records sharpest intraday fall in 7 months; tanks 6% today

Shares of Phoenix, Macrotech Developers, Sobha, Brigade, Raymond, DLF, Oberoi Realty, Prestige Estates Projects and Godrej Properties were down in the range of 4 per cent to 9 per cent

Macrotech Developers buys 20-acre Bengaluru land, targets Rs 2,800 cr sales

Real estate company Macrotech Developers has acquired nearly 20-acre land parcel in Bengaluru for development of a housing project worth Rs 2,800 crore, as part of its expansion plan. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, has been acquiring land through outright purchases as well as forming partnerships with landowners for the joint development. Out of the total, nearly 20 acre land was acquired in Bengaluru, the company has outright purchased some portion of land, while entering into joint development agreement with the landowner for the remaining part, sources said. In its latest operational update for the December quarter, Macrotech Developers informed that the company has added one new project in Bengaluru with GDV (gross development value) of Rs 2,800 crore. With this acquisition, the company now has five locations in Bengaluru. These are expected to provide opportunity for significant pre-sales growth in Bengaluru from next .

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Lodha achieves its highest quarterly pre-sales of Rs 4,510 crore in Q3

During the first nine months of FY25, the company's pre-sales stood at Rs 12,820 crore

Macrotech Developers Q3 sales bookings up 32%, highest quarterly pre-sales

Realty firm Macrotech Developers Ltd on Monday reported a 32 per cent increase in its sales bookings to Rs 4,510 crore for the quarter ended December on account of better demand for its residential properties. Its sales bookings or pre-sales stood at Rs 3,410 crore in the year-ago period. Macrotech Developers, which sells properties under Lodha brand, is one of the leading real estate developers in the country. "We achieved our best ever quarter pre-sales of Rs 45.1 billion (Rs 4,510 crore), showing 32 per cent Y-o-Y (year-on-year) growth," Macrotech Developers said in a regulatory filing. During the first nine months of this fiscal year, the company has clocked a 25 per cent growth in its sales bookings to Rs 12,820 crore from Rs 10,300 crore in the corresponding period of 2023-24 financial year. Macrotech Developers registered a 20 per cent growth in its sale bookings (pre-sales) to a record Rs 14,520 crore during 2023-24 financial year as against Rs 12,060 crore in the previou

Seema Singh, promoter of Alkem Lab, buys penthouse in Worli for Rs 185 cr

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Macrotech buys Bain Capital's stake in 3 logistics park cos for Rs 307 cr

Realty firm Macrotech Developers has acquired Bain Capital's stake in three industrial and logistics park entities for Rs 307 crore as part of a strategy to enhance annual rental income. Macrotech Developers is one of the leading real estate firms in the country. It sells properties under Lodha brand. In May 2022, the company announced a tie-up with Bain Capital and Ivanho Cambridge to set up a platform that will invest around USD 1 billion to develop digital infrastructure space, including warehousing and industrial parks across India. Macrotech Developers had in September this year acquired the interest of Ivanhoe Warehousing India Inc (Ivanhoe) in the digital infrastructure platform entities for Rs 239.56 crore. Now, it has given exit to Bain Capital. In a regulatory filing on Thursday, the company said it has "executed Securities Purchase Agreements with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) for acquisition of their interest in

Macrotech acquires Bain Capital's stake in 3 entities for Rs 307 crore

Realty firm Macrotech Developers has acquired Bain Capital's stake in three industrial and logistics park entities for Rs 307 crore as part of a strategy to enhance rental income. Macrotech Developers is one of the leading real estate firms in the country. It sells properties under Lodha brand. In a regulatory filing on Thursday, the company informed that it has "executed Securities Purchase Agreements (SPAs) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) for acquisition of their interest in the digital infrastructure platform entities (Bellissimo Digital Infrastructure Development Management Pvt Ltd, Palava Induslogic 4 Pvt Ltd and Bellissimo In City FC Mumbai 1 Pvt Ltd), in entirety at a consideration of Rs 307 crore". Bain Capital had a 30 per cent stake in Bellissimo Digital Infrastructure Development Management Pvt Ltd and a 33.33 per cent stake each in the other two entities. This is in line with the company's objective of gradual

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

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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

Lodhas to transfer stake worth Rs 20k cr in Macrotech to philanthropic firm

Real estate tycoon Abhishek Lodha and family on Monday pledged to transfer shares worth around Rs 20,000 crore in their listed entity Macrotech Developers to the group's philanthropic initiative, taking a leaf out of the Tatas. Macrotech Developers Ltd (MDL) is one of the leading real estate developers in the country, selling properties under the Lodha brand. It currently has a market capitalisation of over Rs 1.10 lakh crore. The promoters own a 72.11 per cent stake in it. As part of their initiative, Abhishek Lodha and family will transfer about 18-19 per cent stake in Macrotech Developers to Lodha Philanthropy Foundation (LPF), a non-profit organisation that uses all its income and assets solely for national and social causes. "We will soon be transferring shares worth Rs 20,000 crore of MDL to the foundation. An advisory board will be set up in January next year to manage the social initiatives," MDL MD and CEO Abhishek Lodha told PTI. LPF will carry out various social initiati

Macrotech Developers to launch Rs 10,000 cr housing projects by March

Realty firm Macrotech Developers Ltd will launch nearly 8 million square feet of residential space in the second half of this fiscal with an estimated sales value of Rs 10,000 crore, as part of its strategy to expand the business. Mumbai-based Macrotech Developers sells properties under the Lodha brand. In its latest investors presentation, Macrotech Developers said it has launched a 3.6 million square feet area during the April-September period of this fiscal, with an estimated sales bookings potential of Rs 6,130 crore. During the second half of this fiscal, the company is targeting to launch a 7.9 million square feet area, having a revenue potential of Rs 10,000 crore. These projects will be launched in Mumbai Metropolitan Region (MMR), Pune and Bengaluru where the company has a significant presence. Earlier this month, Macrotech Developers reported a 21 per cent increase in sales bookings to a record Rs 4,290 crore during the July-September period on better housing demand. Th

Lodha Q2FY25 results: Net profit up 108% at Rs 423.1 cr, revenue rises 53%

The Mumbai-based realtor also added four more projects in Pune (Rs 1,700 crore) and Bengaluru (Rs 3,800 crore) during the quarter, with a total gross development value (GDV) of Rs 5,500 crore

Q2 results today: Indigo and Macrotech among 148 to post earnings on Oct 25

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Macrotech acquires 7 land parcels to build Rs 16,600 cr housing projects

Realty firm Macrotech Developers has acquired seven land parcels in Mumbai Metropolitan Region (MMR), Pune and Bengaluru to develop housing projects with an estimated revenue potential of Rs 16,600 crore. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, has been acquiring land through outright purchases as well as forming partnerships with landowners for joint development. In its latest operational update, the company informed that it has added four projects in Pune and Bengaluru, having Rs 5,500 crore of GDV (gross development value). During the first six months of this 2024-25 fiscal, the company has added projects worth Rs 16,600 crore, which is more than 75 per cent of its full year guidance of Rs 21,000 crore. The company had acquired three land parcels in the MMR and Pune during the April-June quarter to develop projects with a revenue potential of Rs 11,100 crore. Out of the total 7 land acquisitions, the company did not provide details

Macrotech Developers net debt rises 14% in Sep quarter to Rs 4,920 cr

Realty firm Macrotech Developers Ltd's net debt rose 14 per cent to Rs 4,920 crore during the second quarter of this fiscal year as it looks to invest more on land acquisition and construction. Mumbai-based Macrotech Developers, which sells its projects under the Lodha brand, is one of the leading developers in the country. According to its latest operational update, the company's net debt stood stood at Rs 4,920 crore as on September 30, 2024. "Our net debt is Rs 49.2 billion, well below our ceiling of 0.5 times net debt/equity," the company said. Macrotech Developers' net debt was Rs 4,320 crore as of June 30, 2024, and Rs 3,010 crore at the end of the 2023-24 fiscal year. Earlier this month, Macrotech Developers reported a 21 per cent increase in sales bookings to a record Rs 4,290 crore during the July-September period on better housing demand. The company had sold properties worth Rs 3,530 crore in the year-ago period. "We achieved our best-ever quarterly pre-sales of Rs 42

Mumbai Trump Tower residents sue builder over unfulfilled private jet time

The 75-storey ultra-luxurious Trump Tower homeowners have alleged that the developers failed to provide 10 hours of free private jet flying time as outlined in their sale agreements