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Amitabh Bachchan buys plot for home in Ayodhya

Calling it a “milestone moment” for his company, HoABL chairman said they were thrilled to welcome Amitabh Bachchan as the “first citizen” of The Sarayu. | Mumbai news

Mumbai , Maharashtra , India , Amritsar , Punjab , Gorakhpur , Uttar-pradesh , Vrindavan , Sarayu , India-general- , Lucknow , Ayodhya

Lodha: Lodha records best-ever December quarter pre-sales at Rs 3,410 crore

Realty developer Lodha, also known as Macrotech Developers, has reported its highest-ever third-quarter pre-sales of Rs 3,410 crores and collections of Rs 2,594 crores for the quarter ending December. The company added three new projects during the quarter, with a total gross development value potential of Rs 6,000 crores, bringing the project addition for the first three quarters of 2023-24 to Rs 20,300 crores.

India , United-kingdom , Bengaluru , Karnataka , Abhishek-lodha , Macrotech-developers , Lodha , Uk-market ,

Realty developer Lodha inks pact to acquired Pune-based Goel Ganga Ventures India

Following the conclusion of this deal, Goel Ganga Ventures India will become a wholly owned subsidiary of the Mumbai-headquartered company. No regulatory approvals are required for the acquisition of the real estate company, Macrotech Developers said in a regulatory filing.

Business-news , Breaking-news-events , Latest-news-updates , Economic-times , Economic-times-news-app , Daily-market-updates , Live-business , Realty-developer-lodha , Acquired-pune-based-goel-ganga-ventures-india , Equity-stake , Wholly-owned-subsidiary

Birla-Lodha case: Harsh Vardhan Lodha to continue as Chairman of MP Birla Group, rules Calcutta HC

A single judge of the Calcutta High Court had earlier given full authority to a panel of three administrators — one each nominated by the Birla and Lodha families and a retired judge — to take control of the entire estate of the late Priyamvada Devi Birla, former chairperson of the MP Birla Group, who died on July 3, 2004. The judge in September 2020 passed an order directing the removal of Harsh Vardhan Lodha as the chairman of the MP Birla Group on the basis of a contentious concept of “extended estate”.

Lucknow , Uttar-pradesh , India , Bombay , Maharashtra , Calcutta , West-bengal , Kolkata , Fox-mandal , Sabyasachi-bhattacharyya , Debanjan-mandal , Vardhan-lodha

Lodha concludes sales of London projects, exits UK investments completely

The company, based on the sales trajectory, had earlier guided the projects will be fully sold out ahead of the business plan target of the fourth quarter of the financial year 2023-24.

United-kingdom , London , City-of , Grosvenor-square , Lincoln-square , Macrotech-developers , London-school-of-economics , United-kingdom-investments , Macdonald-house , Central-london , New-court , London-school

macrotech: Macrotech Developers aims to trim net debt to below Rs 6,000 cr by March

Real estate firm Macrotech Developers plans to decrease its net debt to under Rs 6,000 crore by March next year, down from Rs 6,730 crore in September. Macrotech aims to align net debt with operating cash flow, projected to be Rs 6,000 crore in 2023-24. The company reported positive Q2 performance, reducing net debt by Rs 540 crore and achieving strong sales.

Bengaluru , Karnataka , India , Mumbai , Maharashtra , Pune , Abhishek-lodha , Macrotech-developers , Mumbai-metropolitan-region , Developers-managing-director , Chief-executive-officer-abhishek-lodha , Macrotech

Nifty Realty index up 49% this year; does the realty sector have more steam left?

The Nifty Realty index is up 49% this year, outperforming the Nifty 50. Realty stocks have gained due to high sales momentum and the strong economic recovery. Experts predict that the momentum will continue for the next few years.

India , Kripashankar-maurya , Vijay-agarwal , Gaurang-shah , Godrej-properties , Macrotech-developers-lodha , Geojit-financial-services , Nifty-realty , Research-at-choice-broking , Mahindra-lifespace-developers , Macrotech-developers , Prestige-estates-projects

Macrotech Developers adds 7 land parcels in H1 to build Rs 14,300 cr worth housing projects

"Our focus as a business is about delivering steady and predictable growth. The first half of this fiscal year shows that we are doing that with consistency. We have achieved 48 per cent of our sales guidance for FY24 and 80 per cent of our business development guidance and our embedded EBIDTA margin remains strong at 30 per cent," Lodha said.

Bengaluru , Karnataka , India , Mumbai , Maharashtra , Pune , Abhishek-lodha , Macrotech-developers , Macrotech-developers-managing-director , Chief-executive-officer-abhishek-lodha , Mumbai-metropolitan-region , Lodha

Lodha group expects to surpass Rs 17,500-crore project addition guidance in FY24

The company has already added projects with development value of Rs 14,300 crore or over 80% of its full year guidance in the first half of the financial year and expects to surpass the guidance soon, Abhishek Lodha, MD & CEO, Macrotech Developers, told ET. According to him, the large number of projects tied up across several micro-markets of the cities that it operates in provide the company an opportunity to grow on a granular basis.

Mumbai , Maharashtra , India , Pune , Abhishek-lodha , Deutsche-bank , Standard-chartered-bank , Macrotech-developers , Gross-development-value , Chartered-bank , Reserve-bank , Lodha

The House of Abhinandan Lodha's Gulf of Goa Project sold out within just two weeks of launch

Pti: The House of Abhinandan Lodha's Gulf of Goa Project sold out within just two weeks of launch

India , Indian-railways , Press-trust-of-india , The , House , Of , Abhinandan , Lodha , S , Gulf , Goa