Macrotech Developers News Today

Indias property market has heated up since the pandemic, with 2023 being the best year for home sales in at least 15 years. With about 70 million Indian households turning eligible for home ownership over the next 10 years, there would be a requirement for as many as 100 million new houses.

Eighteen major listed real estate developers sold properties worth Rs 1.17 lakh crore during the last fiscal with Godrej Properties becoming the largest player posting Rs 22,527 crore of sales bookings. Except for a few realty players, all major developers have achieved higher sales bookings in

The 30-share BSE Sensex pack dived 530 points or 0.71 per cent to trade at 74,640, while the broader NSE Nifty index moved 168 points or 0.73 per cent down to 22,721 level.

The documents show that the stamp duty paid for the deal was Rs 72 lakh.

The week gone by was highly volatile, with Nifty gaining 2.2% or 490 points in four sessions and hitting a lifetime high of 23,000. The week was also in the news for block deals involving over three dozen companies from large, mid and smallcap segments worth Rs 13,059 crore on screen.

The real estate firms MD said that Lodha’s market share in Mumbai is at around 10% and the market share of the top five developers in Mumbai is still in the mid-20s

Under the resolution plan, Macrotech Developers will pay Rs 900 crore in tranches over a period of 270 days. The first tranche of Rs 90 crore has already been remitted.

This week, market participants will keenly track US Federal Reserves policy decision and its stance on rate cut trajectory. This will further shape market movements in the near-term, believe analysts

Macrotech Developers, led by Abhishek Lodha, aims to invest over Rs 5,000 crore this fiscal year. The company plans to deliver 10,000+ units, expand to Bengaluru, and target sales worth Rs 17,500 crore.

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