Macrotech Developers Plans ₹10,000 Crore Housing Projects in MMR, Pune, and Bengaluru by March.

Macrotech Developers Ltd, a prominent real estate firm based in Mumbai, is set to launch nearly 8 million square feet of residential space in the second half of the current fiscal year, with an estimated sales value of ₹10,000 crore. This initiative is part of the company’s strategy to expand its business and strengthen its market presence under the Lodha brand.

In its latest investor presentation, Macrotech announced that it had already launched 3.6 million square feet of residential space during the April-September period of this fiscal year, with a potential sales booking of ₹6,130 crore. Looking ahead, the company aims to launch an additional 7.9 million square feet in the second half of the fiscal year, which is projected to generate significant revenue.

The upcoming projects will be located in key markets, including the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, where Macrotech has established a strong footprint.

Earlier this month, Macrotech reported a remarkable 21% increase in sales bookings, achieving a record ₹4,290 crore during the July-September period, driven by robust housing demand. This is an increase from the ₹3,530 crore in sales reported in the same period last year.

In the previous fiscal year, Macrotech Developers registered a 20% growth in pre-sales, totaling ₹14,520 crore compared to ₹12,060 crore in the prior year. For the current fiscal year (2024-25), the company has set an ambitious target of ₹17,500 crore in sales bookings, projecting a 21% annual growth.

Abhishek Lodha, Managing Director and CEO of Macrotech Developers, highlighted the company’s impressive quarterly performance, noting that the ₹4,290 crore in pre-sales was achieved despite it being a traditionally weaker quarter due to the monsoon season and the 'Shraddh' period, which typically sees lower buying activity.

With the festive season approaching, Lodha expressed confidence in reaching the sales targets, citing strong demand for quality branded housing driven by affordability and consumer optimism. He pointed out that competitive mortgage offerings and anticipated reductions in interest rates are expected to provide further momentum for the sector, particularly in the mid-income segment where Macrotech has a significant presence.

As one of India’s leading real estate developers, Macrotech Developers has successfully delivered around 100 million square feet of real estate and is currently working on more than 110 million square feet across its ongoing and planned projects.

HBL