Macrotech Developers is planning to double its investment on construction to Rs 2,800 crore in this fiscal to speed up works at various projects which were hampered last year due to the COVID-19 pandemic and a nationwide lockdown.
Mumbai-based Macrotech Developer, earlier known as Lodha Developers, is one of the leading real estate firms in the country. The company got listed on the stock exchange last month after a successful launch of its Rs 2,500-crore initial public offering (IPO).
The company is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020.
