Macrotech Makes Land Grab! Mega-Investment of Rs 3,500-4,000 crore Planned

Macrotech Developers plans to invest Rs 3,500–4,000 crore in houses this year. This strategy capitalizes on rising residential property demand by acquiring land and forming JDAs with landlords. In its expansion plan, the corporation plans to build 10,000 flats on 60:40 owned property and JDAs. 

In the previous financial year, Macrotech Developers acquired fresh pieces of land that might yield housing developments worth over Rs 20,000 crore. A strong pipeline of new projects under JDAs and acquisitions helped the company contribute Rs 20,000 crore to its Gross Development Value (GDV), above its initial projection.

Macrotech Developers has a strong presence in Mumbai, Pune, and Bengaluru under the Lodha brand. The company plans 17 home projects with a saleable area of 10 million square feet and a revenue potential of Rs 12,000 crore this fiscal year. 

In 2024-25, the company aims to build 10 new projects and seven more phases in residential complexes in Mumbai, Pune, and Bengaluru. Macrotech Developers is also open to adding land to its launch pipeline, which could boost its forecast as it introduces additional home projects this financial year.

News by Rahul Yelligetti