BAJAJ BROKING
Macrotech Developers to invest ₹3,500-4,000 crore this fiscal in land acquisition for housing projects. The firm targets a mix of owned land and joint development agreements. It aims for 21% growth in sales bookings, launching 17 projects with ₹12,000 crore revenue potential.
Realty firm Macrotech Developers Ltd, renowned for its Lodha brand properties, is set to invest ₹3,500-4,000 crore this fiscal. This substantial investment aims to acquire new land parcels for housing projects, both outright and through joint development agreements (JDAs).
Explore: Macrotech Developers Ltd Share Price
Macrotech Developers plans a balanced mix of 60% owned land and 40% from JDAs. The company added over ₹20,000 crore in Gross Development Value (GDV) in the previous fiscal year, exceeding its guidance. Sales bookings surged by 20% to ₹14,520 crore.
Guiding for a 21% annual growth in sales bookings, Macrotech Developers plans to launch 17 housing projects, anticipating a revenue potential of ₹12,000 crore. This includes the launch of 10 new projects and seven new phases across Mumbai, Pune, and Bengaluru.
Additional Read: Share Market News
Despite a recent decline in consolidated net profit, Macrotech Developers recorded a three-fold jump in profit during the previous fiscal year. The company aims to deliver over 10,000 apartments in 2024–25, reinforcing its position in the real estate market.
Macrotech Developers is bullish on the housing segment's demand and plans to increase its investment in construction to over ₹5,000 crore. With a robust portfolio and strategic expansion, the company remains poised for sustained growth in the real estate sector.
Sources:
https://www.cnbctv18.com/real-estate/macrotech-developers-to-invest-%E2%82%B93500-4000-crore-this-fiscal-to-acquire-land-parcels-19411596.htm
https://www.business-standard.com/companies/news/macrotech-developers-to-invest-rs-3-500-4-000-cr-to-acquire-land-parcels-124051400831_1.html
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
7th Pay Commission Leave Rules & Holidays in India
11 Dec, 2024 | 5 Min. read
Wipro Ltd
11 Dec, 2024 | 7 Min. read
Aditya Birla Group
11 Dec, 2024 | 10 Min. read
What is the Lock-in Period in IPO
11 Dec, 2024 | 6 Min. read
Textile Sector in India
11 Dec, 2024 | 11 Min. read
Step-by-Step Guide to Accessing Your Income Tax Assessment Order Online
11 Dec, 2024 | 3 Min. read
IPO vs FPO vs OFS: Key Differences in How Companies Raise Capital
11 Dec, 2024 | 8 Min. read
Gold Price in India - Gold Prices Edge Higher as Futures Hit $2,654.50
11 Dec, 2024 | 39 Min. read
Indian Overseas Bank Secures ₹1,359 Crore Income Tax Refund for AY 2015-16
11 Dec, 2024 | 2 Min. read
HG Infra Secures ₹899 Crore NH-227B Road Upgrade Project in UP
11 Dec, 2024 | 2 Min. read
NTPC Green Energy Secures 500 MW Solar Project with 250 MW ESS from SECI
11 Dec, 2024 | 2 Min. read
Awfis Space ₹583 Crore Block Deal Launches at ₹680 Floor Price
11 Dec, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading