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In the dynamic and ever-evolving landscape of Indian real estate, a compelling new story is beginning to take shape-one that promises to transform the residential skyline of Delhi-NCR. Macrotech Developers, the powerhouse behind the iconic Lodha brand, is preparing to expand its footprint beyond its well-established markets of Mumbai, Pune, and Bengaluru. This strategic move marks a significant milestone in the company’s growth trajectory, signaling its intent to tap into one of India’s largest and most promising housing markets.
Macrotech Developers has long been synonymous with innovation, quality, and trust in the real estate sector. Rooted deeply in the Mumbai Metropolitan Region, the company has successfully carved out a niche in Pune and Bengaluru, delivering landmark projects that have redefined urban living. With a robust portfolio and a keen eye for emerging opportunities, Macrotech is now poised to bring its expertise and brand value to Delhi-NCR, a region known for its vast potential as well as its unique market dynamics.
The company’s Executive Director of Finance, Sushil Kumar Modi, shared insights into this exciting phase. He explained that after entering a growth phase in Bengaluru, Macrotech feels confident enough to pilot projects in a new city. This cautious yet optimistic approach reflects the company’s commitment to understanding local market nuances before fully scaling operations. Modi emphasized, “Delhi-NCR is something which we are seriously looking at. We are looking for land. We like the market. We know that the NCR market has its own nuances so we will be more cautious.” This careful strategy aims to ensure that Macrotech’s entry is both sustainable and impactful.
Delhi-NCR, alongside Mumbai, stands as one of the largest residential real estate markets in India. It attracts a diverse array of developers from across the country, each bringing their own strengths and styles. Established players such as Godrej Properties, Sobha, Shapoorji Pallonji Group, Birla Estates, and Adani Realty have already made significant inroads here. Local giants like DLF, Signature Global, M3M Group, Ashiana Housing, Gaurs Group, and ATS Group dominate various segments of the market, offering stiff competition.
Despite this crowded landscape, Macrotech Developers’ entry is expected to infuse fresh energy and innovation. Leveraging the strong Lodha brand, which is synonymous with quality and premium living, the company plans to differentiate itself through thoughtfully designed group housing projects that cater to the evolving needs of Delhi-NCR’s homebuyers.
Macrotech Developers is backing its expansion plans with aggressive land acquisitions and substantial financial investments. In the fiscal year 2024-25, the company acquired ten land parcels earmarked for residential development, with an estimated revenue potential exceeding ₹23,700 crore. This move underscores Macrotech’s commitment to scaling its operations and capturing market share in key regions.
The company invested around ₹7,000 crore in new business development during the last fiscal year and plans to increase this investment to over ₹8,000 crore in the current fiscal to add projects worth ₹25,000 crore. These figures highlight the company’s aggressive growth mindset and its readiness to deploy significant capital to fuel expansion.
Modi also pointed out that for joint development agreements with landowners, Macrotech often makes upfront payments, which is a crucial part of securing quality land parcels. This financial strategy ensures that the company can swiftly move from land acquisition to project execution, maintaining momentum in its growth journey.
Macrotech Developers’ optimistic expansion outlook is supported by strong financial performance. The company reported a remarkable 21 percent increase in sale bookings for the fiscal year 2024-25, reaching a record ₹17,630 crore compared to ₹14,520 crore in the previous year. This growth trajectory is expected to continue, with the company guiding for sale bookings worth ₹21,000 crore in the current fiscal year-nearly 20 percent higher than the previous year.
Net profit also surged significantly, rising to ₹2,764.3 crore in 2024-25 from ₹1,549.1 crore the year before. Total income grew to ₹14,169.8 crore from ₹10,469.5 crore, reflecting the company’s expanding scale and operational efficiency.
During this fiscal year, Macrotech plans to launch housing projects worth ₹19,000 crore across the Mumbai Metropolitan Region, Pune, and Bengaluru, signaling its confidence in the growth prospects of these markets. This is a step up from the ₹14,000 crore worth of projects launched in the previous fiscal year.
With an impressive track record of delivering around 100 million square feet of real estate and currently developing over 110 million square feet across ongoing and planned projects, Macrotech Developers is more than just a builder. It is a visionary shaping the future of urban living in India.
The company’s entry into the Delhi-NCR market is not just about expanding geographical presence; it is about bringing a legacy of quality, innovation, and customer-centricity to a new region. By starting with pilot projects, Macrotech aims to gain a deep understanding of local preferences and market dynamics, ensuring that its offerings resonate with homebuyers and investors alike.
As Modi aptly puts it, “The NCR market is very large and it’s worthwhile for a brand like Lodha to get in there and slowly build the business.” This measured yet ambitious approach is set to pave the way for Macrotech Developers to become a formidable player in the Delhi-NCR real estate arena.
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