April 29, 2024: Macrotech Developers plans to increase its investment in real estate construction to over Rs 5,000 crore in the current financial year (FY25), aligning with the growth in sales and new supply. The company aims to deliver more than 10,000 apartments during this period.
Their housing projects span across the Mumbai Metropolitan Region (MMR), Pune, and Bangalore. They are considering initiating a pilot housing project in another major tier-I city. Moreover, the company intends to launch additional projects and acquire more land parcels for future development through outright acquisitions and partnerships with landowners, ensuring continued growth.
During FY24, Macrotech Developers handed over approximately 8,500 units to customers, with plans to increase it to over 10,000 units in FY25. The target for property sales during FY25 is Rs 17,500 crore, reflecting a 21% growth from the previous year. Additionally, the company added new projects worth over Rs 20,000 crore during the last financial year, demonstrating its brand strength and operational efficiency through robust pre-sales. Currently, Macrotech Developers is developing more than 110 million square foot (msf) of real estate under its ongoing and planned portfolio.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
Dhwani is a content management expert with over five years of professional experience. She has authored articles spanning diverse domains, including real estate, finance, business, health, taxation, education and more. Holding a Bachelor’s degree in Journalism and Mass Communication, Dhwani’s interests encompass reading and travelling. She is dedicated to staying updated on the latest real estate advancements in India.
Email: dhwani.meharchandani@housing.com
Related Posts
DLF’s Rajiv Singh is the richest builder in India: IIFL Wealth Hurun India Rich List 2021.
Macrotech Developers to list on bourses on April 19, 2021.
Macrotech Developers net profit rises 39% in Q4FY23.
MahaRera suspends registration of 388 real estate projects.
MahaRera deregisters five real estate projects in Mumbai and Pune.
Supreme Court orders Lodha to refund Rs 2.25 cr to homebuyer.
