This big real estate company will start housing projects worth Rs 10,000 crore, bookings increased by 21% in the second quarter
The size of the country’s realty market is constantly growing. Real estate companies are now getting tremendous demand not only for affordable housing projects but also for luxury projects worth crores of rupees. In the recent past, there has been a huge increase in the demand and purchase of luxury homes in big cities like Delhi, Gurugram, Noida, Mumbai, Pune. This is the reason why the well-known developers of the country are now paying more attention to luxury projects.
The company will start a housing project of 80 lakh square feet
In this connection, there is news that the leading real estate company Macrotech Developers will start housing projects of about 80 lakh square feet in the second half of the current financial year 2024-25, with an estimated sales price of Rs 10,000 crore. Let us tell you that Mumbai-based real estate company Macrotech Developers sells property under the Lodha brand.
The company introduced projects of 36 lakh square feet area in the first half
Macrotech Developers said in its latest investors presentation that it has introduced projects of 36 lakh square feet area during the April-September period of the current financial year, with an estimated sales booking capacity of Rs 6,130 crore. As part of its expansion plan, the company has set a target of offering 79 lakh square feet area in the second half of the current financial year.
Sales booking increased by 21 percent to Rs 4290 crore in the second quarter
Seeing the tremendous housing demand, sales booking of Macrotech Developers increased by 21 percent to a record Rs 4,290 crore during the second quarter (July-September) of the current financial year. Abhishek Lodha, Managing Director and CEO of the company said, “We have achieved the best sales booking in the second quarter of FY 2024-25 as compared to any quarter, whereas this quarter is usually weak due to monsoon and Shradh. “
