Macrotech Developers plans to invest Rs 8,000 crore in land acquisitions this fiscal year

2025-04-28 06:27:13

Macrotech Developers to Invest Over Rs 8,000 Crore in Land Acquisitions This Fiscal

Macrotech Developers, the real estate major behind the 'Lodha' brand, is gearing up to invest more than Rs 8,000 crore in land acquisitions across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru during the 2025-26 financial year as part of its expansion strategy.

In an interview with PTI, Sushil Kumar Modi, Executive Director - Finance at Macrotech Developers, shared that the company is witnessing robust housing demand, particularly for established brands with a strong delivery track record.

"Last fiscal, we invested Rs 7,000 crore in new business development. To secure projects worth Rs 25,000 crore in revenue potential, we will need to invest over Rs 8,000 crore this year," Modi said.

The company’s expansion strategy includes outright land purchases as well as joint development agreements (JDAs) with landowners, which require upfront payments. During the 2024-25 fiscal year, Macrotech Developers acquired 10 land parcels across MMR, Pune, and Bengaluru, expected to generate a total revenue potential of Rs 23,700 crore.

For the current fiscal, the company has set a sales booking target of Rs 21,000 crore—an increase of nearly 20% over the previous year.

Macrotech recently reported a record-breaking performance: its sales bookings grew 21% in 2024-25 to Rs 17,630 crore, up from Rs 14,520 crore the previous year, exceeding its pre-sales guidance of Rs 17,500 crore.

In its latest financial results, the company posted a 38% jump in consolidated net profit to Rs 921.7 crore for the quarter ended March 2025, compared to Rs 665.5 crore in the same quarter last year. Total income during the quarter rose to Rs 4,420.3 crore from Rs 4,083.9 crore year-on-year.

For the full 2024-25 fiscal year, Macrotech’s net profit surged to Rs 2,764.3 crore from Rs 1,549.1 crore, while total income climbed to Rs 14,169.8 crore from Rs 10,469.5 crore.

Having already delivered around 100 million square feet of real estate, Macrotech Developers is currently developing more than 110 million square feet across its ongoing and upcoming projects.