Macrotech to Invest ₹8k cr in FY26 in Land Acquisition

Realty firm Macrotech Developers Ltd plans to invest more than ₹8,000 crore this fiscal to acquire land parcels in Mumbai Metropolitan Region (MMR), Pune and Bengaluru for building housing projects as part of its expansion plan.

- Press Trust of India

NEW DELHI:

Macrotech Developers, which sells properties under 'Lodha brand', is one of the largest real estate companies in the country.

In an interview with PTI, Macrotech Developers Executive Director-Finance Sushil Kumar Modi noted that housing demand continues to be strong, especially for big brands having strong track record of executing projects.

To expand business, he said the company has set a target of acquiring multiple land parcels this financial year to develop projects, which can generate a revenue of ₹25,000 crore.

Under the new business development, Macrotech Developers purchases land outright and also partners with landowners.