Business Update12 Nov 2024, 08:22 pm
Macrotech Developers Acquires 2.8 Acres in Pune's Hinjewadi from Paranjape Schemes
AI Summary
Macrotech Developers Ltd, formerly known as Lodha Developers, has concluded a land deal in Pune's Hinjewadi area. The company, which continuously evaluates land acquisition opportunities, added 10 projects with a combined GDV of over INR 200 Bn in FY24 and has provided a guidance for adding projects with GDV of over INR 210 Bn in FY25. As of now, the company has already added 7 projects with GDV of INR 166 Bn, achieving 75%+ of its FY25 guidance. The said land parcel is one amongst such land parcels which the Company has recently concluded.
Key Highlights
- Macrotech Developers has acquired a 2.8-acre land parcel in Pune's Hinjewadi from Paranjape Schemes.
- The company added 10 projects with a combined GDV of over INR 200 Bn in FY24 and aims to add projects with GDV of over INR 210 Bn in FY25.
- Macrotech Developers has already added 7 projects with GDV of INR 166 Bn, achieving 75%+ of its FY25 guidance.
- The company regularly evaluates multiple land parcels as part of its business.
- The Hinjewadi land parcel is one of the recently concluded deals by Macrotech Developers.