Mumbai-based real estate developer Macrotech Developers (also known as Lodha Group) on Monday said it has achieved best ever quarter pre-sales of Rs 4,510 crore, showing 32% YoY growth in Q3FY25. With this, it has achieved pre-sales of Rs 12820 crore in 9mFY25 showing 25% YoY growth.
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It’s collections went up 66% at Rs 4,290 crore in Q3FY25 registering a growth of 66% YoY.
It added one new project in Bengaluru with a gross development value (GDV) of 2800 crore. With this, it is present five locations in Bengaluru. “These are expected to provide the opportunity for significant pre-sales growth in Bengaluru from next financial year onwards,” it said.
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With the new project in Bengaluru, it has added 8 new projects in 9mFY25 with Rs 19500 crore of GDV across MMR, Bengaluru and Pune, thus achieving over 90% of its full year guidance, it said.
During the quarter, it also acquired 33 acres of land for our Digital Infrastructure (warehousing and industrial) business in the NCR. It also entered into an agreement with its JV partner to further increase its stake in the rental income (PropCo) from its Digital Infrastructure platform.
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“This is in line with our planned strategy for calibrated growth in our annuity income thus de-risking our development business,” it said
The company’s share lost 4.04% to close at Rs 1343 on Monday.
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