NEW DELHI — Macrotech Developers, a leading real estate firm operating under the Lodha brand, is considering expanding into the Delhi-NCR residential market as part of its broader growth strategy, Managing Director Abhishek Lodha said.
The company, which has established a strong presence in Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, is exploring opportunities to acquire land in Delhi-NCR through outright purchases or joint development agreements with landowners, as published by Hindustan Times, Lodha said in an interview.
Macrotech Developers has already secured a land parcel in the region for industrial and logistics parks and is now evaluating residential projects.
Following its success in MMR and Pune, Macrotech Developers entered the Bengaluru market in 2022. The company has launched two residential projects there and plans to introduce three more in the city’s IT corridor.
Before making large-scale investments in new cities, Macrotech Developers typically undertakes pilot projects to assess market potential. The Delhi-NCR housing sector, one of India’s largest, has been attracting major developers from southern and western India, including Prestige Group, Birla Estates, Sobha, Oberoi Realty, and Shapoorji Pallonji Real Estate.
Macrotech Developers reported a record pre-sales figure of ₹4,510 crore for fiscal year 2024-25, reflecting a 32% annual increase. The company’s pre-sales reached ₹12,820 crore through December, marking a 25% year-on-year growth. Lodha expressed confidence in meeting the firm’s ₹17,500 crore pre-sales target for the fiscal year.
The company reduced its net debt by 12% in the December quarter to ₹4,320 crore, down from ₹4,930 crore in September, driven by improved internal cash flows and strong pre-sales.
In the first nine months of the fiscal year, Macrotech Developers acquired multiple land parcels across MMR, Pune, and Bengaluru, with an estimated revenue potential exceeding ₹19,000 crore. Lodha noted that the company is close to achieving 90% of its full-year new business development target of ₹21,000 crore.
“And in spite of significant business development, because of the strong operating performance, our net debt went down by about ₹600 crore. We now have about ₹4,300 crores of net debt with a debt equity ratio of 0.22,” Lodha said.
Macrotech Developers posted an 88% rise in consolidated net profit for the December quarter, reaching ₹944.4 crore, compared to ₹503.3 crore in the same period last year. Total income for the quarter climbed to ₹4,146.6 crore, up from ₹2,958.7 crore in the previous year.
For the April-December period, the company’s net profit more than doubled to ₹1,842.6 crore from ₹883.6 crore a year earlier. Total income for the first nine months of the fiscal year rose to ₹9,749.5 crore from ₹6,385.6 crore.
Macrotech Developers has delivered approximately 100 million square feet of real estate and is currently developing over 110 million square feet in ongoing and planned projects.