Macrotech Developers has reported 88% rise in its sales bookings at Rs 957 crore for the quarter ended June on strong demand despite the second wave of COVID-19 pandemic. It achieved a sales bookings of Rs 957 crore and collections of Rs 1,714 crore in the quarter ending June 2021.
The company markets its properties under 'Lodha' brand. The company's sales bookings and collections from customers stood at Rs 509 crore and Rs 384 crore, respectively, in the year-ago period. The company’s sales bookings fell to Rs 5,968 crore during 2020-21 fiscal as against Rs 6,570 crore in the previous year.
Macrotech Developers is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020.
