Macrotech Developers

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Realty firm Macrotech Developers is exploring entry into the Delhi-NCR's residential market as part of its strategy to grow the company's business beyond Mumbai Metropolitan Region (MMR), Pune and Bengaluru, its Managing Director Abhishek Lodha has said. Macrotech Developers, which markets its properties under the Lodha brand, is one of the leading real estate developers in the country. "We are exploring to enter Delhi-NCR housing market," he told PTI in an interview. The company is looking to acquire lands, either outright or joint development agreement with landowners, he added. Macrotech Developers has already bought a land parcel in Delhi-NCR to develop industrial and logistics parks and is now looking at entering the housing business. After establishing a significant presence in both MMR and Pune housing markets, Macrotech Developers had in 2022 entered Bengaluru. The company has already launched two housing projects in Bengaluru and plans to launch three more in the IT ...

Earlier this month, Macrotech Developers had filed the suit before the Bombay HC against HoABL over the use of the name 'Lodha,' seeking Rs 5,000 crore in damages

The Bombay High Court on Monday suggested Abhishek Lodha and his brother Abhinandan Lodha to try and amicably resolve the issue over the use of 'Lodha' trademark. The Abhishek Lodha-promoted Macrotech Developers Ltd earlier this month filed a suit in the HC against Abhinandan Lodha's real estate firm, House of Abhinandan Lodha, claiming the name 'Lodha' was their trademark and no one else could use it. The suit sought Rs 5,000 crore as damages from Abhinandan Lodha's company. In an interim application, Macrotech Developers sought a perpetual injunction against the defendants from infringing their trademark 'Lodha'. On Monday, a single bench of Justice Arif Doctor while hearing the application said since the dispute was primarily between two brothers, the possibility of an amicable resolution should be attempted. "Ultimately it appears to be a dispute between two brothers. The genesis appears to be between the two brothers. Has some effort been made to sit down and resolve it?" Jus

The rise in the Macrotech Developers share price came after the company posted a strong set of results in the December quarter of financial year 2025 (Q3FY25)

Realty firm Macrotech Developers has reduced its net debt by 12 per cent in the December quarter to Rs 4,320 crore on better internal cash flows, as the company achieved strong pre-sales, its MD Abhishek Lodha said. Net debt of Macrotech Developers, which markets its properties under the Lodha brand, stood at Rs 4,930 crore at the end of the September quarter of this fiscal. In an interview with PTI, Lodha highlighted that the company's performance during the latest December quarter has been "robust" and hoped to end the fiscal year on a strong note. "It was our strongest-ever quarter (October-December 2024) in terms of pre-sales. It was a best-ever quarter in terms of collections (of funds from customers). We had a strong underlying profitability. Our embedded EBITDA was about 35 per cent well above our guidance at the start of the year of averaging about 30 per cent. That number is 34 per cent YTD (year-to-date)," Lodha said. He further said that the company has added many land .

Realty firm Macrotech Developers MD Abhishek Lodha on Sunday said there is a "pure corporate dispute" between his company and House of Abhinandan Lodha over use of trademark and it is "nothing to do with brothers". Macrotech Developers has recently filed a suit in the Bombay High Court against House of Abhinandan Lodha (HoABL), formed by younger brother Abhinandan Lodha, for infringement of its trademarks and sought appropriate injunctions, reliefs, and damages. In an interview with PTI, Abhishek Lodha said he has no problem with younger brother Abhinandan Lodha doing real estate business, but asserted that his company has every right to protect its trademarks -- 'Lodha' and 'Lodha Group'. Macrotech Developers is listed on stock exchanges and is one of the leading real estate firms in the country, while House of Abhinand Lodha is into plotted developments across various cities including Ayodhya. Breaking silence on the matter, Abhishek said, "He (Abhinandan) is my brother. I have l

Realty firm Macrotech Developers on Saturday reported 88 per cent increase in consolidated net profit at Rs 944.4 crore for December quarter FY25 on higher income amid strong housing demand. Net profit of Macrotech Developers, which sells properties under Lodha brand, stood at Rs 503.3 crore in the year-ago period. Total income rose to Rs 4,146.6 crore in the third quarter of this fiscal from Rs 2,958.7 crore in the corresponding period of the preceding year, according to a regulatory filing. During the April-December period of 2024-25 fiscal, the company's net profit more than doubled to Rs 1,842.6 crore from Rs 883.6 crore in the year-ago period. Total income rose to Rs 9,749.5 crore in the first nine months of this fiscal from Rs 6,385.6 crore a year ago. Abhishek Lodha, MD & CEO, Macrotech Developers Ltd. said, "We achieved our best ever quarterly pre-sales performance of Rs 4,510 crore in the third quarter." This is the fourth consecutive quarter of achieving pre-sales ...

Technical charts suggest that stocks such as Prestige Estates, Lodha and Sobha can fall up to 32 per cent from here on, while the Nifty Realty index can crack by another 14 per cent.

Abhishek and Abhinandan Lodha are locked in a legal battle over the use of the family name for their businesses. Abhishek has accused his brother Abhinandan of trademark infringement

Abhinandan claims he was only given Rs 500 cr as settlement

The HC is scheduled to hear the matter on Tuesday, according to court filings

PVR Inox, Lodha, Glaxo, MRF and Astral are trading in oversold zone. Technical charts show these stocks can gain up to 33% from present level, or fall by another 19%; here's why.

Shares of Phoenix, Macrotech Developers, Sobha, Brigade, Raymond, DLF, Oberoi Realty, Prestige Estates Projects and Godrej Properties were down in the range of 4 per cent to 9 per cent

Real estate company Macrotech Developers has acquired nearly 20-acre land parcel in Bengaluru for development of a housing project worth Rs 2,800 crore, as part of its expansion plan. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, has been acquiring land through outright purchases as well as forming partnerships with landowners for the joint development. Out of the total, nearly 20 acre land was acquired in Bengaluru, the company has outright purchased some portion of land, while entering into joint development agreement with the landowner for the remaining part, sources said. In its latest operational update for the December quarter, Macrotech Developers informed that the company has added one new project in Bengaluru with GDV (gross development value) of Rs 2,800 crore. With this acquisition, the company now has five locations in Bengaluru. These are expected to provide opportunity for significant pre-sales growth in Bengaluru from next .

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During the first nine months of FY25, the company's pre-sales stood at Rs 12,820 crore

Realty firm Macrotech Developers Ltd on Monday reported a 32 per cent increase in its sales bookings to Rs 4,510 crore for the quarter ended December on account of better demand for its residential properties. Its sales bookings or pre-sales stood at Rs 3,410 crore in the year-ago period. Macrotech Developers, which sells properties under Lodha brand, is one of the leading real estate developers in the country. "We achieved our best ever quarter pre-sales of Rs 45.1 billion (Rs 4,510 crore), showing 32 per cent Y-o-Y (year-on-year) growth," Macrotech Developers said in a regulatory filing. During the first nine months of this fiscal year, the company has clocked a 25 per cent growth in its sales bookings to Rs 12,820 crore from Rs 10,300 crore in the corresponding period of 2023-24 financial year. Macrotech Developers registered a 20 per cent growth in its sale bookings (pre-sales) to a record Rs 14,520 crore during 2023-24 financial year as against Rs 12,060 crore in the previou