Page 53 - Macrotech Developers News Today

The BSE Realty index-a gauge of real estate stocks-rose 4.2 per cent on Monday, extending its two-day advance to 7.8 per cent. The latest gains came on the back of robust sales posted by realty developers in the March quarter of financial year 2022-23 (Q4FY23). On Thursday, the rate-sensitive index had gained 2.9 per cent following the Reserve Bank of Indias decision to pause interest rate hikes in its latest monetary policy review.

Record provisional sales posted by several real estate developers during the March quarter triggered buying in realty stocks.

Get latest articles and stories on Latest News at LatestLY. Realty firm Macrotech Developers sales bookings rose 34 per cent to a record Rs 12,064 crore in the last fiscal, on better demand despite rise in interest rates on home loans. Latest News | Macrotech Developers Sells Properties Worth Rs 12,064 Cr in FY23.

Macrotech Developers Limited has announced the key operational updates for FY23 and 4QFY23.

Mumbai-based Macrotech Developers, which sells homes under the Lodha brand, is one of the leading real estate firms in the country.

Realty index jumps 2.90 pc; auto index ends with a gain of 0.94 pc

For FY 2023, Macrotech recorded pre-sales growth of 34 per cent to ₹12,064 crore, thereby surpassing its guidance of ₹11,500 crore.

Reportedly, brokers said this is likely the most expensive residential property deal in the country.

Punjab National Bank (PNB), Canara Bank, IDBI Bank are stocks among potential largecap entrants, as per Nuvama Research

After Madhav Goel and Neeraj Bajaj, industrialist JP Taparia's family buys a luxurious house in South Mumbai worth Rs 369 crore