Macrotech to Invest Rs. 8,000 Cr for Expansion

As part of its expansion initiative Macrotech Developers Ltd intends to utilize more than Rs. 8,000 crore to buy land parcels in Mumbai Metropolitan Region (MMR), Pune and Bengaluru areas for residential project development.

According to a PTI interview with Macrotech Developers Executive Director- Finance Sushil Kumar Modi housing demand endures strength for major brands delivering successful completed projects. The company aims to buy multiple land parcels during this fiscal year to create new projects which will produce revenue of Rs. 25,000 crore.

Macrotech Developers implements two methods under new business development through direct land acquisition and formation of partnerships with local landowners. The company bought 10 land parcels between MMR and Pune and Bengaluru during the 2024-25 financial year. The company will develop projects on these obtained land parcels which present revenue opportunities totaling Rs. 23,700 crore.

"Last fiscal year, we invested Rs. 7,000 crore in 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 said.

As part of joint development agreements (JDAs) Macrotech Developers advances money to landowners for securing their properties. The company plans to reach Rs. 21,000 crore in sale bookings during the ongoing fiscal year which represents a 20 percent increase over the previous year. The March quarter brought Macrotech Developers a 38 percent enhancement in its consolidated net profit which reached Rs. 921.7 crore versus its previous year total of Rs. 665.5 crore. The company reported a quarter-on-quarter increase of total income to Rs. 4,420.3 crore from Rs. 4,083.9 crore. Between April 2024 to March 2025 the company delivered net profits of Rs. 2,764.3 crore and total income of Rs. 14,169.8 crore compared to the previous fiscal where net profits reached Rs. 1,549.1 crore and total income amounted to Rs. 10,469.5 crore. The real estate delivery of Macrotech reached 100 million square feet and the company has more than 110 million square feet under active development across its property division.