Macrotech Developers has reported 12% growth in its sales bookings at Rs 3530 crore in the second quarter of this fiscal year. The company had sold properties worth Rs 3150 in the year-ago period. The collections from customers against sales surged 16% to Rs 2750 crore in Q2FY24 from Rs 2380 crore during Q2FY23. Net Debt for India business stood at Rs 6730 crore in Q2FY24.
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.
