Macrotech Developers to launch 17 housing projects worth US$ 1.44 billion (Rs. 12,000 crore)

Macrotech Developers is set to launch 17 housing projects in the current fiscal year, targeting a revenue of US$ 1.44 billion (Rs. 12,000 crore) to capitalize on robust demand that propelled its sales bookings to record levels in 2023-24. The company, operating under the Lodha brand, plans to introduce 10 new projects and 7 new phases across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, with an estimated gross development value (GDV) of US$ 1.45 billion (Rs. 12,100 crore). Despite an initial projection of US$ 1.56 billion (Rs. 13,000 crore), the company exceeded expectations by launching projects worth US$ 2.16 billion (Rs. 18,000 crore) in FY24 and now aims for property sales worth US$ 2.20 billion (Rs. 17,500 crore), representing a 21% growth from the previous year.

Macrotech Developers recorded a 20% increase in sales bookings, reaching US$ 1.74 billion (Rs. 14,520 crore) in FY24, reflecting strong demand in the housing segment. Confident in sustained demand, CEO Mr. Abhishek Lodha anticipates delivering over 10,000 apartments in 2024-25, emphasizing the company's achievement of key targets amidst the buoyant market. Lodha remains optimistic about the housing sector's trajectory, citing India's potential 3 years upcycle driven by economic growth and shifting consumer preferences favouring homeownership.

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