Page 6 - Macrotech Developers

Stocks to Watch: Bajaj Finance, Tata Motors, GMDC, HDFC Life, YES Bank

Stocks to Watch today: Bajaj Finance, HDFC Life, Macrotech Developers, KPIT Technologies are among those slated to announce their Q4 earnings today.

India home to 12 real estate billionaires; Rajiv Singh of DLF the richest

A large part of the rise in the fortunes of these realty barons is attributed to a rally in the real estate stocks at the bourses. For the year under review, the BSE Realty index gained 55 per cent

Macrotech arm Lodha prepays $170 mn debt out of total $225 million

Lodha Developers International Ltd, Mauritius has prepaid $170 million (approx. Rs 1,298 crore) of debt after recording better sales performances in its two projects in London.

Minor impact of new Covid-19 wave on sales, says Abhishek Lodha

Realty firm Macrotech Developers saw a "minor" impact on housing demand in the first two weeks of January this year due to surge in COVID cases and remains confident of meeting the Rs 9,000-crore sales bookings target for this fiscal, its MD & CEO Abhishek Lodha said. Macrotech Developers markets its properties under the Lodha brand. It is developing projects in the Mumbai region and Pune. In an interview with PTI, Abhishek Lodha said the company has increased prices by an average 4-5 per cent so far this fiscal. Continuing with its asset-light model, Lodha said the company has entered into 11 joint development agreements (JDAs), worth Rs 14,500 crore sales value potential, so far this fiscal and hopes to conclude more by March-end. When asked about the impact of new wave of the COVID infections, Lodha said: "There was a minor impact in the first two weeks of this months as there were restrictions on movement." However, he said the sentiments among homebuyers remains positive and

Realty firm Macrotech Developers Q3 profit up 24% at Rs 286 crore

Realty firm Macrotech Developers on Tuesday reported a 24 per cent increase in its consolidated net profit to Rs 286.38 crore for the quarter ended December on higher sales.

Market wrap: Sensex crashes 1,546 pts, Nifty below 17,150 amid Fed suspense

Broader markets worst hit, BSE SmallCap index slips over 4%; BSE IPO index plunges 7% as Zomato, Nykaa tank up to 20%

Macrotech forms 11 JVs since April 2021 to develop Rs 14,500-cr projects

Mumbai-based Macrotech Developers, which is one of the leading real estate developers in India, markets its properties under Lodha brand

Macrotech Developers Q3 sales bookings up 40% to Rs 2,608 crore

Macrotech Developers, one of the leading real estate developers in India, markets its properties under Lodha brand

Macrotech ties up with Morgan Stanley to build warehousing project

Realty firm Macrotech Developers said it has partnered with Morgan Stanley Real Estate Investing to develop a premium warehousing project near Mumbai with an investment of Rs 600 crore.

Macrotech Developers rallies 6%, hits new high on growth prospects

The company plans to nearly double its pre-sales to Rs 14,000 crore by financial year 2023-24 (FY24) and further grow to Rs 20,000 crore by FY26

Macrotech Developers to invest Rs 3,000 crore as it eyes Bengaluru entry

Realty firm Macrotech Developers, which has projects in Mumbai and Pune regions, is looking to enter the Bengaluru market to tap huge property demand in the IT city and will invest Rs 3,000 crore equity capital for growth as it aims to increase its annual sales bookings by almost three times to Rs 20,000 crore by 2025-26, a top company official said. The Mumbai-based company, erstwhile Lodha Developers, is one of the leading real estate firms in the country and markets its properties under 'Lodha' brand. In an interview with PTI, Macrotech Developers Managing Director and CEO Abhishek Lodha said the company would deploy Rs 3,000 crore, out of the total Rs 4,000 crore recently being raised via sale of shares to institutional investors, for growth in the capital-light manner in Mumbai Metropolitan Region (MMR) and Pune. "Now with our balance sheet being rock solid that it is right now, the demand is just becoming enormous. That is why we have raised fresh capital within seven months o

Strong pre-sales growth, debt reduction to support Macrotech stock

Capital raise to aid joint development projects and expansion

Macrotech Developers raises Rs 4,000 cr via QIP for growth, debt reduction

Realty firm Macrotech Developers has raised Rs 4,000 crore through sale of shares to institutional investors

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Stock market LIVE: The NSE Nifty swung in a range of 174 points, and finally settled at 17,999, down 110 points

Macrotech Developers up 14% on QIP issue; stock gains 200% in 7 months

The floor price of the QIP issue is Rs 1,184.70 per equity share, Macrotech Developers said in a regulatory filing.

Moody's upgrades Lodha group's Macrotech Developers to B3; outlook positive

Move follows reduction in debt, improvement in performance

Macrotech Developers Q2 profit at Rs 223cr; total revenue jumps over 2-fold

Realty firm Macrotech Developers Ltd on Thursday reported its consolidated net profit at Rs 223.36 crore for the quarter ended September. The company had posted a net loss of Rs 362.58 crore in the year-ago period. Total income more than doubled to Rs 2,201.66 crore in the second quarter of this fiscal year from Rs 988.18 crore in the corresponding period of the previous year, the company said in a regulatory filing. Commenting on the results, Abhishek Lodha, Managing Director and Chief Executive Officer, Macrotech Developers Ltd said, Housing market in the last 9 months has gone from strength to strength." The long-term potential of housing as a wealth creator as well as an employment generator is now being well recognized by all stakeholders. "To capture this strong growth, in a short period of time since our IPO, we have been able to add 5 JDA (Joint Development Agreement) projects in the micromarkets of MMR and Pune where we have limited or no presence," Lodha said. The combi

Macrotech Developers in talks to sell 4 lakh sqft office building in Mumbai

Macrotech Developers plans to sell its fully complete and rented office building of around 4 lakh square feet area, in Mumbai and is in discussion with potential buyers to monetise commercial asset

Macrotech Developers sells properties worth Rs 1,100 cr in London

Realty firm Macrotech Developers on Monday said properties worth Rs 1,100 crore were sold last month in one of its projects in London and it expects to sell all inventories before 2023-24 fiscal year. In a regulatory filing, Macrotech Developers, which markets its properties under Lodha brand in India, gave an update on the performance of its UK investments. Mumbai-based Macrotech Developers, earlier named as Lodha Developers, had made a foray into the London market in 2013 with the acquisition of the landmark MacDonald House at 1 Grosvenor Square in prime Central London from the Canadian government for over GBP 300 million (Rs 3,100 crore). The group acquired another site in prime Central London, New Court at 48 Carey Street for 90 million pounds in 2014. Macrotech informed on Monday that prospective buyers were able to visit the site at its project, 1 Grosvenor Square for the first time since it was readied, with easing of travel restrictions to the UK for visitors from the US an

Godrej Properties, Prestige Estates eye Rs 10K-cr sales booking club

Godrej and Prestige posted sales bookings of Rs 6,725 crore and Rs 5,461 crore, respectively, in 2020-21 (FY21)