Why Macrotech is upbeat while realty braces for slowdown

Macrotech Developers Ltd (Lodha) expects its pre-sales or bookings to surge to ₹21,000 crore this financial year from ₹17,600 crore in 2024-25, driven by its key Mumbai Metropolitan Region market as well as its new geographies of Bengaluru and Pune.

- Harsha Jethmalani

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.