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Macrotech Developers to invest Rs 3,800 crore in FY23 on realty projects' construction

09 May 2022 Evaluate

Macrotech Developers is planning to invest Rs 3,800 crore this fiscal year (FY23) on construction of its various ongoing and new projects as it has set a target to deliver 10,000 homes by next March.  The company had spent about Rs 2,600 crore on construction last fiscal year. It attributed the increase in expenditure on construction to a significant rise in number of projects being executed and a strong pipeline of new launches.

Macrotech Developers is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020.

Peers
Company Name CMP
Lodha Developers 1162.20
Prestige EstatesProj 1618.75
Dilip Buildcon 393.70
DLF 738.70
Oberoi Realty 1735.50
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