New Delhi, May 12 – Mumbai-based realty giant Macrotech Developers Ltd, known for its Lodha brand, is gearing up to enter the Delhi-NCR residential real estate market, viewing the region as a major opportunity for long-term growth. The company is actively scouting land parcels for group housing developments and aims to initiate pilot projects to gain market insights before scaling operations.
Delhi-NCR Entry Marks New Growth Chapter
Speaking on the company's strategic vision, Executive Director (Finance) Sushil Kumar Modi said, “Delhi-NCR is something we are seriously looking at. We are looking for land. We like the market. We know that the NCR market has its own nuances, so we will be more cautious.”Highlighting the region's scale and potential, Modi emphasized that Lodha’s entry into NCR will be gradual and strategically executed, beginning with small-scale pilot projects to better understand the local dynamics.
Current Presence and Expansion Strategy
Macrotech Developers currently has operations in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. The company recently entered a growth phase in Bengaluru and now feels positioned to expand into new territories like NCR.While the firm already owns land in Gurugram earmarked for an industrial and logistics park, it is now focused on residential development in the region. Talks with landowners are underway, and at least one deal is expected to close in FY25.
Competitive Landscape in Delhi-NCR
Delhi-NCR, alongside MMR, remains one of India’s largest residential property markets. Several top-tier developers such as Godrej Properties, Sobha, Shapoorji Pallonji, Birla Estates, Adani Realty, Prestige Group, and Oberoi Realty have already forayed into this high-demand market.Among local developers, DLF, Signature Global, M3M Group, Ashiana Housing, Gaurs Group, and ATS Group have maintained a strong footprint across the NCR landscape.
FY25 Growth Outlook and Investment Plans
Macrotech Developers is on an aggressive growth trajectory, having acquired 10 land parcels in FY25 to build residential projects with a total estimated revenue potential of Rs 23,700 crore.“We invested Rs 7,000 crore in new business development last fiscal. To add Rs 25,000 crore worth of new projects this year, we will need to invest over Rs 8,000 crore,” Modi noted.
These investments include joint development agreements (JDAs), for which the company provides upfront payments to landowners.
Operational and Financial Performance
The company has set a sales booking target of Rs 21,000 crore for FY25, marking a 20 percent growth over the previous year. In FY24, sales bookings rose by 21 percent to a record Rs 17,630 crore.Looking ahead, Macrotech plans to launch housing projects worth Rs 19,000 crore across MMR, Pune, and Bengaluru during FY25, up from Rs 14,000 crore in FY24.
On the financial front, Macrotech’s net profit surged to Rs 2,764.3 crore in FY25 from Rs 1,549.1 crore in the previous year, while total income climbed to Rs 14,169.8 crore from Rs 10,469.5 crore in FY24.