Latest News | Macrotech Developers Q4 Pre-sales Rise 14pc to Rs 4,810 Cr; FY25 Bookings Up 21pc to Rs 17,630 Cr
Get latest articles and stories on Latest News at LatestLY. Real estate company Macrotech Developers Ltd on Monday reported a 14 per cent increase in sales bookings to a record Rs 4,810 crore in the fourth quarter of this fiscal mainly on strong housing demand.
New Delhi, Apr 7 (PTI) Real estate company Macrotech Developers Ltd on Monday reported a 14 per cent increase in sales bookings to a record Rs 4,810 crore in the fourth quarter of this fiscal mainly on strong housing demand.
Its sales bookings stood at Rs 4,230 crore in the year-ago period.
In a regulatory filing, Mumbai-based Macrotech Developers informed that the company's sales bookings grew 21 per cent last fiscal year to Rs 17,630 crore from Rs 14,520 crore in the FY24.
"We achieved our best-ever quarter pre-sales of Rs 4,810 crore, showing 14per cent Y-o-Y (year-on-year) growth. With this, we have achieved pre-sales of Rs 17,630 crore in FY25 (up 21 per cent Y-o-Y), surpassing our FY25 guidance and delivering sustainable, predictable 20 per cent growth," the company said.
Macrotech Developers, which sells properties under the Lodha brand, is one of the largest real estate companies in the country.
It has a significant presence in Mumbai Metropolitan Region (MMR), Pune and Bengaluru housing markets.
Abhishek Lodha-led Macrotech Developers is engaged in a legal battle with House of Abhinandan Lodha, a company formed by his younger brother, over the use of the brand name 'Lodha'.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)