 "Despite the recent run-up, Indian real-estate sector still stacks favorably when compared against China, US and some of the key South Asian peers.")
Realty firm Macrotech Developers on Tuesday reported a 17 per cent growth in its sales bookings at Rs 3,350 crore in the first quarter of this fiscal year, mainly on better housing demand.
Macrotech Developers, which sells properties under Lodha brand, had sold properties worth Rs 2,860 in the year-ago period.
In a regulatory filing, Macrotech Developers informed that the company achieved its best-ever first quarter pre-sales performance at Rs 33.5 billion (Rs 3,350 crore) showing a growth of 17 per cent on a year-on-year basis.
Macrotech Developers Ltd is one of the leading real estate developers in the country. It is developing real estate projects in Mumbai Metropolitan Region (MMR), Pune and Bengaluru.
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