Business Update11 Mar 2025, 07:21 pm
Macrotech Developers' Shares Rise on Rs 279-Crore Land Parcel Acquisition in Mumbai
AI Summary
Macrotech Developers Ltd, formerly known as Lodha Developers, has been actively acquiring land parcels for development. In FY24, the company added 10 projects with a combined GDV of over INR 200 Bn. For FY25, the company provided a guidance for adding projects with GDV of over INR 210 Bn. As of 9MFY25, Lodha has already added 8 projects with GDV of INR 194 Bn, achieving 90%+ of its guidance. The mentioned land parcel in the media is one of the many under discussion for acquisition.
Key Highlights
- Macrotech Developers has been actively acquiring land parcels for development.
- In FY24, the company added 10 projects with a combined GDV of over INR 200 Bn.
- For FY25, the company provided a guidance for adding projects with GDV of over INR 210 Bn.
- As of 9MFY25, Lodha has already added 8 projects with GDV of INR 194 Bn.
- The mentioned land parcel in the media is one of the many under discussion for acquisition.