Macrotech Developers set to reveal Housing projects worth Rs, 10,000 crore

Realty firm Macrotech Developers Ltd will launch nearly 8 million square feet of residential space in the second half of this fiscal with an estimated sales value of Rs.10,000 crore, as in its latest investors presentation, Macrotech

Developers says that it has launched a 3.6 million square feet area during the April-September period of this fiscal, with an estimated sales bookings potential of Rs.6, 130 crore part of its strategy to expand the business.These projects will be launched in Mumbai Metropolitan Region (MMR), Pune and Bengaluru where the company has a significant presence.

Earlier this month, Macrotech Developers reported a 21 per cent increase in sales bookings to a record Rs.4, 290 crore during the July-September period on better housing demand.The company had sold properties worth ₹3,530 crore in the year-ago period. During the last fiscal, the company registered a 20 per cent growth in its sales bookings (pre-sales) to a record Rs.14, 520 crore against Rs.12, 060 crore in the preceding financial year.

It has given the guidance of achieving 21 per cent annual growth in sales bookings during the current 2024-25 fiscal to Rs.17, 500 crore.

Abhishek Lodha, MD and CEO, Macrotech Developers Ltd, says, "We achieved our best ever quarterly pre-sales performance of Rs.4, 290 crore in Q2, FY25, which is a seasonally weak quarter due to monsoons. Additionally, the quarter was impacted by the inauspicious 'Shraddh' period in September this year (vs October in FY24) as well as excessive rains".

He further added that,’’The company has achieved Rs.8, 300 crore of pre-sales in H1 (first half) of FY25’’.