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Macrotech Developers eyes Rs 12k-cr sales revenue from 5 land parcels in MMR, Bengaluru

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Realty firm Macrotech Developers Ltd has acquired five land parcels in Mumbai region andBengaluru during April-June quarter to develop housing projects with a revenue potential of Rs 12,000 crore. Macrotech Developers MD and CEO Abhishek Lodha said the company has
added new projects worth Rs 12,000 crore in the first quarter of this fiscal year as against
the annual guidance of Rs 17,500 crore. "We are not revising our annual target for new business development as of now," he told
PTI. Macrotech Developers, which sells its properties under the Lodha brand, buys land outrightly and also forms joint development agreements (JDAs) with landowners to create pipeline for future real estate projects.

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