Lodhas Developers

This project, comprising a Ground + 7 storey structure spanning 1,337.81 square meters, will have a development potential of around 60,000 square feet, the company said in a statement.

Technical charts suggest that stocks like TVS Motor, Lodha, DLF, Jio Financial Services and Federal Bank can potentially rally up to 19 per cent from present levels.

The transactions were registered with the inspector general of registration (IGR) on November 21

Real estate tycoon Abhishek Lodha and family on Monday pledged to transfer shares worth around Rs 20,000 crore in their listed entity Macrotech Developers to the group's philanthropic initiative, taking a leaf out of the Tatas. Macrotech Developers Ltd (MDL) is one of the leading real estate developers in the country, selling properties under the Lodha brand. It currently has a market capitalisation of over Rs 1.10 lakh crore. The promoters own a 72.11 per cent stake in it. As part of their initiative, Abhishek Lodha and family will transfer about 18-19 per cent stake in Macrotech Developers to Lodha Philanthropy Foundation (LPF), a non-profit organisation that uses all its income and assets solely for national and social causes. "We will soon be transferring shares worth Rs 20,000 crore of MDL to the foundation. An advisory board will be set up in January next year to manage the social initiatives," MDL MD and CEO Abhishek Lodha told PTI. LPF will carry out various social initiati

Realty firm Macrotech Developers Ltd has acquired a 100 per cent stake in Opexefi Services and One Box Warehouse for nearly Rs 100 crore as part of its strategy to grow the development business of industrial & warehousing parks. Macrotech Developers Ltd, which sells properties under the Lodha brand, has executed Share Purchase Agreements (SPAs) for the acquisition of a 100 per cent stake in Opexefi Services Pvt Ltd (Opexefi) and One Box Warehouse Pvt Ltd (One Box), according to a regulatory filing on Wednesday. Opexefi and One Box will become wholly owned subsidiaries of the company, it added. "This is in pursuance of our planned strategy for calibrated growth in Digital Infrastructure viz. Industrial and Logistics," the company said. Macrotech Developers acquired Opexefi for Rs 46.67 crore. Opexefi, incorporated on December 6, 2018, is in the business of the development of logistics parks and warehouses. The total turnover for the last 3 years is zero as there are no business ...

At the current juncture, ICICI Bank has found support within its previous breakout range and has maintained this level for the past three sessions.

A major driver behind this rally, analysts said, is DLF's strong June quarter performance.

Union Budget 2024-25 impact: DLF, Brigade Enterprises, Prestige Estates, Godrej Properties and Sunteck Realty dropped up to 5 per cent afer FM proposed to withdraw indexation benefit on house resale.

The newly acquired property, located in the World One project by the Lodha Group, spans approximately 251 square meters or 2,700 square feet (carpet area) and is a ready-to-move-in residence.

Realty firm Macrotech Developers Ltd has reduced its net debt by 55 per cent in the fourth quarter of the last fiscal to Rs 3,010 crore with the help of internal accruals and equity fundraising. Its net debt stood at Rs 6,750 crore as of December 31, 2023. Macrotech Developers, which sells properties under the brand Lodha, is one of the leading real estate developers in India. The company's net debt stood at Rs 3,010 crore as of March 31, 2024, down 55 per cent from the previous quarter, according to a regulatory filing. The net debt is 57 per cent lower than Rs 7,070 crore at the end of the 2022-23 fiscal. Surplus cash flow generated from the business, coupled with the raising of equity capital, helped the company in reducing the net debt. "On the back of strong operating cash flow generation and recently concluded equity raise, our net debt further reduced to Rs 3,010 crore," the company said. The company had a target to bring down the net borrowings to Rs 6,000 crore level by

Looking to expand its business, Macrotech Developers added 7 new land parcels in the Mumbai region and Bengaluru during the April-September period for development of housing projects having sales value of Rs 14,300 crore. Macrotech Developers, which sells properties under the 'Lodha' brand, added these land parcels through outright purchases and joint ventures with landlords. In an interview with PTI, Macrotech Developers Managing Director and Chief Executive Officer Abhishek Lodha said the company during the first half of 2023-24 fiscal added multiple land parcels, which have a potential saleable area of 8.3 million square feet with an estimated sales value of Rs 14,300 crore. "For new business development, we gave a guidance of Rs 17,500 crore for this financial year. We have added new projects that have a gross development value of Rs 14,300 crore. So, we have already achieved more than 80 per cent of our annual target," he said. Out of seven, six land parcels have been added in

MDL's operating performance is expected to remain healthy in FY24, supported by healthy enduser demand, strong launch pipeline and healthy affordability, while maintaining a reducing debt trajectory.

The apartment is part of a sea-view luxury triplex apartment located in South Mumbai's Malabar Hill

Since the start of the current year, the Nifty Realty pack has remained laggard and traded with a weak bias down 1.5 cent lower so far in 2023.

Stocks to Watch: TCS and other IT stocks in focus, as the Tata Group IT major will be reporting its Q3 earnings on Monday.

Company says it is on course to surpass its pre-sales guidance of Rs 11,500 crore for FY23

The sale of properties that only the super-rich can afford is bumping up two years after the pandemic hit the country

Till 10:11 am; around 6.2 million shares or 1.33 per cent of total equity of the company changed hands on the NSE, exchange data shows.

Peerless Managing Director Jayanta Roy said that the order was nothing but a stage of litigation

KEC International and Shriram Transport Finance can soar up to 22 per cent, while Macrotech Developers, Gujarat Fluorochemicals and Godrej Consumer can rally up to 15 per cent, show charts.