It is just a benefit of ₹ 665.5 million rupees in the period of the previous year | Photo credit: Sasinparaksa
Realty Macrotech Developers LTD real estate firm plans to invest more than ₹ 8,000 million fiscal rupees to acquire land plots in the Mumbai Metropolitan Region (MMR), Pune and Bengaluru to build a housing project expansion plan.
Macrotech developers, who sells under ‘Lodha Brand’ properties, is one of the largest real estate companies in the country.
In an interview with PTI, the Executive Director of the Macrotech developers, Sushil Kumar Modi, said that the demand for housing is still strong, special for large brands that have a solid project execution history.
To expand business, he said that the company has established the objective of acquiring multiple land plots this financial year to develop projects, which can generate an income of ₹ 25,000 million rupees.
Under the new business development, Macrotech developers buys land directly and are also associated with land owners.
In 2024-25 prosecutor, the company acquired 10 land plots in MMR, Pune and Bengaluru.
These land plots will be used to develop projects with an estimated income potential of ₹ 23.7 billion rupees.
“The last fiscal year, we invest ₹ 7,000 million rupees for the development of new businesses. To add new projects worth ₹ 25000 million rupees, we will have to invest more than ₹ 8,000 million rupees in the current fiscal year,” said Modi.
For joint development agreements (JDAS) with land owners, the company has to make some payments in advance of land owners.
In other operational metrics, Modi said the company has granted a sales reserves guide worth ₹ 21000 million rupees for this fiscal year, almost 20 percent higher than prosecutor 2024-25.
Earlier this month, the company based in Mumbai had reported a 21 percent increase in its sales reserves 2024-25 of taxes to a record of ₹ 17,630 million rupees of ₹ 14,520 million rupees in the financial year 2023-24. The preventive guide for 2024-25 was ₹ 17.5 billion rupees.
On Thursday, Macrotech reported a 38 percent increase in his net gain consolidated to ₹ 921.7 million rupees for the last quarter ending in March with higher income.
Its net profit stood at ₹ 665.5 million rupees in the previous year.
The total income increased to ₹ 4,420.3 million rupees in the fourth quarter of the last prosecutor of ₹ 4,083.9 million rupees in the corresponding period of the previous year.
The net gain increased to ₹ 2,764.3 million rupees in 2024-25 prosecutors of ₹ 1,549.1 million rupees in the previous year.
The total income grew to ₹ 14,169.8 million rupees the last fiscal year of ₹ 10,469.5 million rupees in 2023-24.
Macrotech Developers has delivered around 100 million square feet of real estate so far and is currently developing more than 110 million square feet under its continuous and planned portfolio.
Posted on April 27, 2025