Latest news with #Macrotech
Mint
13-05-2025
- Business
- Mint
Alibaug's exclusive property market opens up to mainstream luxury developments
Bengaluru: Alibaug, a charming coastal town near Mumbai, is seeing a surge in luxury property development as branded residences and high-end hotels target a broader range of buyers beyond celebrities and business tycoons. Once known for secluded villas of Mumbai's elite, Alibaug is becoming more mainstream with several luxury gated communities coming up. These branded developments are targeted at both investors and end-users. Mumbai's top two developers - Macrotech Developers Ltd ('Lodha') and Oberoi Realty Ltd are gearing up to launch their first projects in Alibaug. Macrotech is planning to develop a 100-acre project that will have sky villas or duplexes, townhouses and a 7-star hotel, said two people familiar with the plans. 'The project 'Lodha Alibaug' is loosely based on the French riviera theme, and will come up on a prime location. It will have a private members' club, with a lot of focus on gastronomy and fine dining,' said one of the two persons cited earlier, both of whom spoke anonymously. The sky villas or duplexes on the higher floors would broadly be priced at ₹ 25-27 crore onwards, and the townhouses cost around ₹ 40 crore. Oberoi Realty, known for its uber luxury projects, is in discussions to develop a Ritz Carlton hotel and fully serviced, branded luxury villas, with a restaurant that will be managed by the hospitality chain. The developer had signed an agreement for around 81 acres in Alibaug's Tekali village last year. 'The project designing is in progress. Oberoi Realty will build a sample villa before starting the sales process. It is aiming for a FY26 launch,' said the second person. Spokespersons of Macrotech and Oberoi Realty didn't respond to queries. "Alibaug has become an extension of south Mumbai. Anything associated with south Mumbai gets tremendous value attached to it. Many south Mumbai families own Alibaug homes since the 1990s, followed by movie stars and, more recently, sports personalities have made it their home away from home. Mumbai-based A grade developers have now entered this market, making it accessible to a larger customer base," said Rati Shroff, assistant vice-president, luxury sales, at Anarock Property Consultants. Just like Goa, the Alibaug property market is also gaining steady interest from developers outside Maharashtra. Last year, Emaar India entered the Mumbai market with its first project in Alibaug. It launched 'Casa Venero', a premium project spread across 24 acres, with 84 villas priced at ₹ 8-15 crore. The USP of the project is a gated and exclusive community, over and above the farmhouse feel of villa with pool and private greens. 'Collectively, hundreds of acres of branded developments are underway in Alibaug. Given the good infrastructure and ease of accessibility, Alibaug will be a first home destination,' Shroff added. Mumbai-based Hiranandani Group plans to launch a 225-acre township 'Hiranandani Sands' in Nagaon. The township will be developed and launched in phases. The developer said it will offer hospitality-led products along with traditional real estate products such as villas, plots, and apartments. 'It will be an ultra-premium project, poised to cater to both leisure seekers and end-users. With the introduction of Ro-Ro (ferry) services, Alibaug now offers seamless, year-round connectivity to Mumbai, making it an attractive destination not only for affluent second-home buyers but also for first-time homebuyers in the long term,' said Niranjan Hiranandani, chairman of Hiranandani Group. In May, Avas Wellness, which counts cricketer Virat Kohli and businessman Adar Poonawalla as its clients, launched 'Ananta by Avas', a luxury project with four and five-bedroom villas. 'Avas Living, our first residential project launched in 2022, is now sold out,' said Aditya Kilachand, CEO and founder, Avas Wellness. Rising demand for Alibaug as a real estate market has also led to a surge in prices. 'Sol de Alibaug', a plotted development project launched by the House of Abhinandan Lodha in April 2023, has seen a big spike in prices. 'Plot prices have risen from ₹ 6,650 per sq ft to ₹ 10,000 per sq ft currently. Increasing ease of connectivity from Mumbai has built a strong case for Alibaug as a destination- with the RoRo and Atal Setu playing a key role,' said a company spokesperson.
Time of India
04-05-2025
- Business
- Time of India
Macrotech Developers to launch Rs 19,000-crore housing projects in FY26 amid robust demand
Real estate major Macrotech Developers Ltd , known for its 'Lodha' brand, is set to launch residential projects worth Rs 19,000 crore during the current financial year across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, in a move to capitalise on the strong demand in the housing sector. In an interview with PTI, Macrotech Developers Executive Director – Finance, Sushil Kumar Modi, said the company remains optimistic about the Indian real estate sector and will continue to invest significantly to fuel its growth. "In the last fiscal, we launched around 10 million square feet area with a Gross Development Value (GDV) of around Rs 14,000 crore spread across 24 projects," Modi stated. This fiscal, the company plans to launch 17 residential projects, covering 13 million square feet and with an estimated sales booking potential of Rs 19,000 crore. The upcoming launches will be concentrated in MMR, Pune, and Bengaluru. Macrotech is eyeing significant growth in Bengaluru and Pune. In Pune, it achieved pre-sales worth Rs 2,500 crore in 2024-25, up from Rs 1,800 crore the previous year. In Bengaluru, the company recorded sales of Rs 800 crore last fiscal and aims to double that in 2025-26. To secure future development, the company plans to invest over Rs 8,000 crore this fiscal in acquiring land parcels in MMR, Pune, and Bengaluru. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo "We have set a target of acquiring multiple land parcels this financial year to develop projects, which can generate a revenue of Rs 25,000 crore," Modi said. In 2024-25, Macrotech acquired 10 land parcels with a revenue potential of Rs 23,700 crore. 'Last fiscal year, we invested Rs 7,000 crore for new business development. To add new projects worth Rs 25,000 crore, we will have to invest more than Rs 8,000 crore in the current fiscal,' Modi added. The company uses both outright purchases and joint development agreements (JDAs) with landowners, involving upfront payments in the latter model. For FY26, Macrotech has given a guidance of Rs 21,000 crore in sale bookings, a nearly 20 per cent increase over the previous fiscal. Earlier this month, the company announced it had achieved record sale bookings of Rs 17,630 crore in FY25, up 21 per cent from Rs 14,520 crore in FY24, surpassing its own guidance of Rs 17,500 crore. On the financial front, the company reported a 38 per cent year-on-year increase in consolidated net profit to Rs 921.7 crore for the March quarter, driven by higher income. Net profit was Rs 665.5 crore in the corresponding quarter of the previous year. For the full 2024-25 fiscal, net profit rose to Rs 2,764.3 crore from Rs 1,549.1 crore in the previous year. Total income increased to Rs 14,169.8 crore, up from Rs 10,469.5 crore in FY24. Macrotech Developers has delivered approximately 100 million square feet of real estate to date and is currently developing over 110 million square feet across ongoing and upcoming projects. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
28-04-2025
- Business
- Business Standard
Development potential, cash flows to ensure growth for Macrotech in FY26
Macrotech has guided for Rs 21,000 crore of pre-sales in FY26, a jump of 19 per cent over the pre-sales levels of FY25 Ram Prasad Sahu Listen to This Article A healthy pre-sales or bookings performance in the March quarter on the back of new launches helped the country's second-largest listed real estate company, Macrotech Developers, beat its FY25 guidance. The company had guided for Rs 17,500 crore of pre-sales for FY25 and beat the same with bookings of Rs 17,630 crore. Macrotech has guided for Rs 21,000 crore of pre-sales in FY26, a jump of 19 per cent over the pre-sales levels of FY25. Volumes in FY26 are expected to hit the 11 million square feet mark. Given the development potential of its portfolio, healthy debt situation, and guidance,
Mint
28-04-2025
- Business
- Mint
Why Macrotech is upbeat about its prospects even as India's realty market braces for a slowdown
Macrotech Developers Ltd (Lodha) expects its pre-sales or bookings to surge to Rs21,000 crore this financial year from Rs17,600 crore in 2024-25, driven by its key Mumbai Metropolitan Region market as well as its new geographies of Bengaluru and Pune. Lodha's management expects at least five projects to be operational in Bengaluru in FY26. While the company's business development pipeline in Bengaluru signals a significant scale-up over the next 2-3 years, the city already accounts for 2-3% of Macrotech's total pre-sales. This is expected to reach 15% over the next decade. In Pune, Lodha has added two new projects, taking its total count in the city to nine. It expects Pune to contribute a substantial portion of FY26 pre-sales. Overall, Lodha has guided launches of 13.1 million square feet (msf) for FY26, with a gross development value (GDV) of Rs18,800 crore across 17 projects in Mumbai Metropolitan Region, Bengaluru and Pune. This compares with 10 project launches of 9.8 msf with a GDV of Rs13,700 crore in FY25 (excluding digital infra projects). Lodha also plans to enter a new city in FY26. With these expansions, it is projecting a sustainable compound annual growth rate of 20% in pre-sales by FY31. Also read | Electronics manufacturing gets charged up on PLI, US tariff impact Lodha sees its operating cash flow at ₹ 7,700 crore in FY26, up 17% year-on-year. Despite the spate of new launches, its debt-to-equity ratio is expected to be below 0.5. Lodha's adoption of asset-light business development through joint development mode along with ready inventory liquidation could boost cash flows and keep debt under control. To be sure, Lodha's upbeat guidance across key earnings parameters is encouraging, but the stock has already bounced back sharply. From its 52-week low of Rs1,035.15 on 17 March, it is up 25%. While falling housing (sales) volumes is a concern, Lodha's segmental or geographical diversification should hold it in good stead, spurring sales growth, Nuvama Research said in a report on 25 April. Similarly, channel checks by Antique Stock Broking show that residential real estate euphoria has cooled in key markets. 'Walk-ins and conversions have slowed over the last two months due to financial market volatility, a gloomy IT sector outlook, and economic growth concerns prompting buyers to delay decisions in search of greater certainty or better deals," Antique said in its report on 24 April. Plus, the demand in the premium and luxury segments have notably subdued, it added. Also read | Can comforts match perils for Reliance in FY26?
Time of India
28-04-2025
- Business
- Time of India
Macrotech Developers shares in focus after plans to invest Rs 8,000 cr this fiscal on land acquisition
Macrotech Developers shares will be in focus on Monday after the real estate company announced plans to invest more than Rs 8,000 crore this fiscal to acquire land parcels in Mumbai Metropolitan Region (MMR), Pune, and Bengaluru for new housing projects as part of its expansion strategy. Macrotech Developers, which sells properties under the 'Lodha' brand, is one of India's largest real estate players. In an interview with PTI, Sushil Kumar Modi, Executive Director – Finance at Macrotech Developers, said housing demand remains strong, particularly for reputed brands with a solid track record of project execution. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo To drive business growth, the company has set a target to acquire multiple land parcels this financial year for projects expected to generate Rs 25,000 crore in revenue. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Under its business development strategy, Macrotech acquires land outright and also enters into joint development agreements (JDAs) with landowners, involving some upfront payments. Also Read: 25 Transformative Investment Ideas: RIL, SBI among HDFC Securities' high-conviction stock picks Live Events In FY25 so far, Macrotech has acquired 10 land parcels across MMR, Pune, and Bengaluru, with an estimated revenue potential of Rs 23,700 crore. "Last fiscal year, we invested Rs 7,000 crore for new business development. To add new projects worth Rs 25,000 crore, we will have to invest more than Rs 8,000 crore in the current fiscal," Modi said. On operational performance, Modi noted that the company has guided for Rs 21,000 crore worth of sale bookings this fiscal, nearly 20% higher than FY24. Also Read : Stocks in news: Ultratech Cement, Adani Green, RIL, IDFC First Bank, Hindustan Zinc Earlier this month, Macrotech reported a 21% rise in sale bookings during FY24 to a record Rs 17,630 crore, compared with Rs 14,520 crore in FY23. The company had earlier set a pre-sales guidance of Rs 17,500 crore for FY24. On Thursday, Macrotech reported a 38% jump in consolidated net profit to Rs 921.7 crore for the March quarter, up from Rs 665.5 crore a year ago. Total income rose to Rs 4,420.3 crore in the quarter from Rs 4,083.9 crore in the year-ago period. For the full fiscal year, total income grew to Rs 14,169.8 crore from Rs 10,469.5 crore in FY23. Macrotech Developers has delivered around 100 million square feet of real estate so far and is currently developing over 110 million square feet under its ongoing and planned projects. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
