Macrotech Developers Achieves Record Sales Amid Housing Boom
Macrotech Developers, a prominent real estate firm based in Mumbai, reported a 21% rise in sales bookings, reaching Rs 4,290 crore for July-September, driven by strong housing demand. With significant operations in Mumbai and Pune, the company also marked its entry into Bengaluru, adding new land parcels worth Rs 5,500 crore.
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- India
Macrotech Developers, headquartered in Mumbai, announced a substantial 21% increase in sales bookings amounting to Rs 4,290 crore during the July-September period, driven by heightened housing demand. This marks a notable rise from Rs 3,530 crore in the same timeframe last year.
In a strategic expansion, the company has forayed into the Bengaluru market, adding four new land parcels in Pune and Bengaluru, totaling a revenue potential of Rs 5,500 crore. Despite the inauspicious 'Shradhh' period in September, Macrotech reported its highest-ever quarterly pre-sales.
The firm remains optimistic about meeting a 20% growth target for the fiscal year, building upon a record Rs 14,520 crore in sales bookings during 2023-24. Macrotech has successfully delivered around 100 million square feet and is developing over 110 million square feet in its ongoing projects.
(With inputs from agencies.)
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