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Real estate major Macrotech Developers Ltd, known for its ‘Lodha’ brand, is set to launch residential projects worth Rs 19,000 crore during the current financial year across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, in a move to capitalise on the strong demand in the housing sector.
In an interview with PTI, Macrotech Developers Executive Director – Finance, Sushil Kumar Modi, said the company remains optimistic about the Indian real estate sector and will continue to invest significantly to fuel its growth.
“In the last fiscal, we launched around 10 million square feet area with a Gross Development Value (GDV) of around Rs 14,000 crore spread across 24 projects,” Modi stated.
This fiscal, the company plans to launch 17 residential projects, covering 13 million square feet and with an estimated sales booking potential of Rs 19,000 crore. The upcoming launches will be concentrated in MMR, Pune, and Bengaluru.
Macrotech is eyeing significant growth in Bengaluru and Pune. In Pune, it achieved pre-sales worth Rs 2,500 crore in 2024-25, up from Rs 1,800 crore the previous year. In Bengaluru, the company recorded sales of Rs 800 crore last fiscal and aims to double that in 2025-26.
To secure future development, the company plans to invest over Rs 8,000 crore this fiscal in acquiring land parcels in MMR, Pune, and Bengaluru.
“We have set a target of acquiring multiple land parcels this financial year to develop projects, which can generate a revenue of Rs 25,000 crore,” Modi said.
In 2024-25, Macrotech acquired 10 land parcels with a revenue potential of Rs 23,700 crore. “Last fiscal year, we invested Rs 7,000 crore for new business development. To add new projects worth Rs 25,000 crore, we will have to invest more than Rs 8,000 crore in the current fiscal,” Modi added.
The company uses both outright purchases and joint development agreements (JDAs) with landowners, involving upfront payments in the latter model.
For FY26, Macrotech has given a guidance of Rs 21,000 crore in sale bookings, a nearly 20 per cent increase over the previous fiscal. Earlier this month, the company announced it had achieved record sale bookings of Rs 17,630 crore in FY25, up 21 per cent from Rs 14,520 crore in FY24, surpassing its own guidance of Rs 17,500 crore.
On the financial front, the company reported a 38 per cent year-on-year increase in consolidated net profit to Rs 921.7 crore for the March quarter, driven by higher income. Net profit was Rs 665.5 crore in the corresponding quarter of the previous year.
For the full 2024-25 fiscal, net profit rose to Rs 2,764.3 crore from Rs 1,549.1 crore in the previous year. Total income increased to Rs 14,169.8 crore, up from Rs 10,469.5 crore in FY24.
Macrotech Developers has delivered approximately 100 million square feet of real estate to date and is currently developing over 110 million square feet across ongoing and upcoming projects.
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