New Delhi, Feb 3 (PTI) – Real estate giant Macrotech Developers, known for its Lodha brand, is actively exploring entry into the Delhi-NCR residential market as part of its strategic expansion beyond the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, according to Managing Director Abhishek Lodha.
“We are exploring entry into the Delhi-NCR housing market,” Lodha confirmed in an interview with PTI. The company is scouting for land acquisitions, either through outright purchases or joint development agreements with landowners.
Strategic Expansion Plans
Macrotech Developers has already marked its footprint in the region by acquiring a land parcel for industrial and logistics parks. Now, the firm is keen to establish a presence in the residential sector of Delhi-NCR, one of India’s largest housing markets, which has increasingly attracted developers from South and West India, including Prestige Group, Birla Estate, Sobha, Oberoi Realty, and Shapoorji Pallonji Real Estate.Following its significant presence in MMR and Pune, Macrotech Developers entered the Bengaluru market in 2022. The company has since launched two housing projects in Bengaluru, with plans for three more in the pipeline. Its approach to entering new cities involves launching pilot projects before expanding on a larger scale.
Strong Financial Performance in 2024-25
Macrotech Developers has demonstrated robust financial growth this fiscal year. The company recorded a 32% annual increase in pre-sales (sales bookings), reaching Rs 4,510 crore. For the first nine months of the fiscal year, total pre-sales stood at Rs 12,820 crore, reflecting a 25% year-on-year growth. Lodha expressed confidence in achieving the annual pre-sales target of Rs 17,500 crore by the end of the fiscal year.The company also reduced its net debt by 12% in the December quarter, bringing it down to Rs 4,320 crore, aided by strong internal cash flows and pre-sales performance. This is a significant improvement from Rs 4,930 crore at the end of the September quarter.
Aggressive Land Acquisitions & Future Prospects
Macrotech Developers has significantly expanded its land bank across MMR, Pune, and Bengaluru, with new acquisitions estimated to generate over Rs 19,000 crore in revenue. The company has already achieved 90% of its full-year business development target of Rs 21,000 crore.Despite aggressive expansion, the company has successfully maintained financial discipline. “Even with significant business development, our net debt decreased by about Rs 600 crore. We now have approximately Rs 4,300 crore in net debt, with a debt-equity ratio of 0.22,” Lodha noted.
Soaring Profit and Revenue Growth
Macrotech Developers reported an 88% surge in consolidated net profit, reaching Rs 944.4 crore in Q3 FY25, compared to Rs 503.3 crore in the same quarter last year. Total income also saw a significant rise, increasing to Rs 4,146.6 crore, up from Rs 2,958.7 crore year-on-year.For the April-December 2024-25 period, the company’s net profit more than doubled to Rs 1,842.6 crore, compared to Rs 883.6 crore in the corresponding period of the previous year. Similarly, total income grew to Rs 9,749.5 crore, up from Rs 6,385.6 crore in the prior year.
A Legacy of Excellence
Macrotech Developers has delivered around 100 million square feet of real estate and is actively developing over 110 million square feet across its ongoing and planned projects. With its continued focus on strategic expansion and strong financial performance, the company is well-positioned for sustained growth in the Indian real estate market.As the firm sets its sights on Delhi-NCR, its proven track record and financial strength indicate a promising future in the region’s competitive residential sector.
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