Macrotech Developers has acquired nearly 20-acre land parcel in Bengaluru for development of a housing project worth Rs 2,800 crore, as part of its expansion plan. The company which markets its properties under the Lodha brand, has been acquiring land through outright purchases as well as forming partnerships with landowners for the joint development.
Out of the total, nearly 20 acre land was acquired in Bengaluru, the company has outright purchased some portion of land, while entering into joint development agreement with the landowner for the remaining part. With this acquisition, the company now has five locations in Bengaluru. These are expected to provide opportunity for significant pre-sales growth in Bengaluru from next financial year onwards.
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 | 875.75 |
| Dilip Buildcon | 450.60 |
| DLF | 607.70 |
| Oberoi Realty | 1724.10 |
| Ahluwalia Contract(I | 866.35 |
| View more.. | |
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