Macrotech Developers Delhi-NCR Expansion: A Strategic Move
New Delhi: Leading real estate firm Macrotech Developers, known for its Lodha brand, is actively exploring opportunities to expand into the Delhi-NCR residential market. The Macrotech Developers expansion aligns with the company’s strategy to grow beyond its stronghold in Mumbai Metropolitan Region (MMR), Pune, and Bengaluru.
Macrotech Developers Delhi-NCR Expansion: A Strategic Move
Macrotech Developers’ Managing Director, Abhishek Lodha, confirmed the company’s plans to enter the region. “We are exploring opportunities to enter the Delhi-NCR housing market,” Lodha stated in an interview. The Macrotech Developers Delhi-NCR expansion strategy involves outright land acquisitions and joint development agreements with landowners.
Notably, the Macrotech Developers Delhi-NCR expansion is not limited to residential projects. The company has already secured a land parcel in the region for the development of industrial and logistics parks, further solidifying its presence.
Previous Market Expansions and Growth
After cementing its presence in MMR and Pune, Macrotech Developers expanded into Bengaluru in 2022. The company has since launched two residential projects in the city and is planning three more. In line with its approach to entering new markets, Macrotech conducts pilot projects before scaling operations.
The Macrotech Developers expansion is part of a broader trend where major developers from South and West India, such as Prestige Group, Birla Estates, Sobha, Oberoi Realty, and Shapoorji Pallonji Real Estate, have entered the market, recognizing its strong growth potential.
Strong Financial Performance in FY 2024-25
Macrotech Developers has reported impressive financial results in the current fiscal year. The company achieved a record pre-sales figure of ₹4,510 crore, reflecting a 32% year-on-year increase. As of December 2024, pre-sales totaled ₹12,820 crore, demonstrating 25% annual growth. Lodha expressed confidence in surpassing the annual pre-sales target of ₹17,500 crore for the fiscal year.
Additionally, the Macrotech Developers Delhi-NCR expansion is backed by a solid financial position. The company successfully reduced its net debt by 12%, bringing it down to ₹4,320 crore by the December quarter, compared to ₹4,930 crore in September. This reduction is attributed to improved internal cash flows and strong pre-sales performance.
Land Acquisitions and Business Development
In the first nine months of FY 2024-25, Macrotech Developers acquired multiple land parcels across MMR, Pune, and Bengaluru. These acquisitions are estimated to have a revenue potential exceeding ₹19,000 crore. The company has already met 90% of its full-year business development target of ₹21,000 crore.
Despite aggressive business expansion, Macrotech has maintained financial discipline, reducing net debt by ₹600 crore, bringing the debt-equity ratio to 0.22.
Record-Breaking Profit and Revenue Growth
Macrotech Developers’ financial performance continues to strengthen, with an 88% increase in consolidated net profit, reaching ₹944.4 crore in Q3 FY 2024-25, compared to ₹503.3 crore in the previous year. Total income surged to ₹4,146.6 crore, up from ₹2,958.7 crore in the same period last year.
For the April-December period, net profit more than doubled to ₹1,842.6 crore, up from ₹883.6 crore in the previous year, while total income rose to ₹9,749.5 crore, compared to ₹6,385.6 crore.
Future Outlook
Having delivered approximately 100 million square feet of real estate and with an ongoing and planned development portfolio of over 110 million square feet, Macrotech Developers continues to expand its footprint. The Macrotech Developers Delhi-NCR expansion marks a significant step in strengthening its presence in India’s real estate sector, backed by strong financial performance and a robust growth strategy.
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