Country The size of the real estate market is continually increasing. Real estate companies are now facing huge demand not only for affordable housing projects but also for luxury projects worth millions of rupees. In recent times, there has been a huge increase in the demand and purchase of luxury homes in big cities like Delhi, Gurugram, Noida, Mumbai, Pune. For this reason, the country’s best-known developers are paying more and more attention, especially to luxury projects.
Company to start 80 lakh sq ft housing project
In this regard, there is news that leading real estate company Macrotech Developers will start housing projects of around 80 lakh sq ft in the second half of the current financial year 2024-25, the estimated selling price of which is Rs 10,000 crore. Let us tell you that Mumbai real estate company Macrotech Developers sells properties under the brand name Lodha.
The company came up with 36 lakh sq ft projects in the first half.
Macrotech Developers, in its latest investor presentation, said it launched projects covering an area of 36 lakh sq ft during the April-September period of the current financial year, with an estimated sales booking capacity of Rs 6,130 crore. As per its expansion plan, the company has set a target of offering an area of 79 lakh square feet in the second half of the current financial year.
Booking sales rose 21 per cent to Rs 4,290 crore in the second quarter.
In view of the tremendous demand for housing, sales bookings of Macrotech Developers increased by 21 per cent to a record Rs 4,290 crore during the second quarter (July-September) of the current financial year. Abhishek Lodha, MD & CEO of the company, said, “We have achieved the best sales booking in the second quarter of the financial year 2024-25 as compared to any quarter, although this quarter is usually weak due to monsoon and Shraddha.” . ‘
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