Macrotech Developers, known for its Lodha brand, has achieved a remarkable quarterly pre-sales performance, recording ₹4,290 crore despite the traditionally inauspicious ‘Shradhh’ period in September. This surpasses previous expectations and reflects a resilient demand in the housing sector, particularly for quality branded residences.
Managing Director and CEO of Macrotech, attributes this success to strong consumer optimism and affordability. “Early indicators of the festive season reveal robust demand for quality housing. The ongoing competition among mortgage providers, coupled with the anticipated decline in interest rates in the second half of FY25, is likely to bolster the mid-income segment, where we have a significant presence,” he stated. The company’s strategic maneuvers included the sale of land for a data centre in Palava to a global player at approximately ₹120 million per acre, positioning Palava as a burgeoning data centre hub. Furthermore, Lodha expanded its project portfolio by adding four new ventures in Pune and Bengaluru, with a total Gross Development Value (GDV) of ₹55 billion. With the first half of the fiscal year yielding a business development figure of ₹166 billion—more than 75% of its annual guidance of ₹210 billion—Lodha is poised for substantial growth. The projects launched in Bengaluru, with a GDV of ₹38 billion, are expected to significantly accelerate their operational momentum in the coming year.
In line with its commitment to sustainable development, Lodha has acquired approximately 45 acres in Chennai for digital infrastructure, increasing its stake in its digital platform from 33% to 67%. This aligns with their goal to enhance annuity income to ₹15 billion by FY31. Additionally, the company is advancing its sustainability initiatives by concluding a tender for a 6MW renewable power project under the Open Access Solar schemeIn collaboration with IIT Delhi, Lodha is also experimenting with a greener LC3 concrete mix at Palava, which has the potential to reduce embodied carbon in concrete by up to 40%. This commitment to sustainability reflects a growing awareness among consumers, who are increasingly valuing environmentally responsible practices in construction. The Unnati upskilling centre, which has reached a milestone of benefiting 1,000 women, highlights Lodha’s dedication to social responsibility. Such initiatives not only enhance community welfare but also foster a sense of empowerment, creating a lasting impact on the lives of local residents.
