Macrotech Developers Ltd, a leading real estate developer operating under the ‘Lodha’ brand, has surpassed its pre-sales projections for 2024-25. The company announced that it has sold Rs 17,630 crore worth of properties in 2024-25, exceeding its guidance of Rs 17,500 crore and its previous year’s sales of Rs 14,520 crore. The company attributed this success to its “best-ever quarter” pre-sales of Rs 4,810 crore in the January-March quarter, which represents a 14% year-on-year growth.
Macrotech Developers has added 10 new projects with a gross development value of Rs 23,700 crore across Mumbai, Bengaluru, and Pune. Additionally, the company has expanded its digital infrastructure business by adding two new locations in the National Capital Region (NCR) and Chennai.
The company has also reduced its net debt to Rs 3,990 crore from Rs 4,320 crore in the previous quarter, thanks to strong collections. Macrotech Developers is one of the top-selling developers in India, along with Godrej Properties, DLF, and Prestige Group.
It’s worth noting that DLF, India’s largest real estate developer, has also surpassed its FY25 sales guidance of Rs 17,000 crore in the December quarter itself, with sales bookings of Rs 19,187 crore for the first nine months of FY25.
However, Macrotech Developers is currently embroiled in a legal battle with House of Abhinandan Lodha (HoABL), led by Abhinandan Lodha, who is the younger brother of Abhishek Lodha, the chairman of Macrotech Developers. The company has accused entities owned by HoABL of forging documents to gain access to the ‘Lodha’ brand name.