Macrotech Developers to launch Rs 19k crore housing projects this fiscal

Realty firm Macrotech Developers Ltd plans to launch housing projects worth Rs 19,000 crore across Mumbai Metropolitan Region, Pune and Bengaluru during this fiscal as it seeks to expand business amid strong demand for residential properties.

Mumbai-based Macrotech Developers, which sells properties under 'Lodha brand', is one of the leading real estate firms in the country.

In an interview with PTI, Macrotech Developers Executive Director- Finance Sushil Kumar Modi said the company remains bullish about the growth prospects in Indian real estate sector and will keep investing to expand business.

Modi said the company would launch 17 housing projects in the current fiscal covering 13 million square feet area and an estimated sales booking potential of Rs 19,000 crore.

These projects will be launched across MMR, Pune, Bengaluru.

Modi said the company is targeting exponential growth in sale bookings in Bengaluru and Pune markets.

He said the company clocked Rs 2,500 crore worth of pre-sales in Pune in 2024-25 as against Rs 1,800 crore in the preceding year.

In Bengaluru, Modi said the company sold properties of about Rs 800 crore last fiscal and is targeting to double it in 2025-26.