Macrotech Developers is planning to invest around Rs 2,500 crore this fiscal to buy land and to pay its joint venture partners against land acquired in the previous years. During the last fiscal year, Macrotech Developers aggressively acquired land parcels, which have potential to generate revenue of nearly Rs 20,000 crore after development.
For the current 2023-24 financial year, the company has given a guidance that it will acquire land outright and enter into joint development agreements (JDAs) that can help generate atleast Rs 17,500 crore revenue. The company would further expand business in Mumbai Metropolitan Region (MMR), Pune and Bengaluru. Apart from land, Macrotech Developers will invest Rs 4,500 crore this fiscal year on construction of real estate projects as it seeks to ramp up execution capabilities amid strong housing demand.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
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