Macrotech Developers to Develop 64 Acres in Bengaluru, Targets INR 8,600 Crore GDV

Macrotech Developers, one of India’s leading real estate firms, has unveiled plans to develop residential projects across 64.4 acres in Bengaluru, targeting a Gross Development Value (GDV) of INR 8,600 crore. The Mumbai-based publicly listed company continues to strengthen its presence in India's booming real estate sector.

Project Details and Locations

The expansion includes key developments across both North and South Bengaluru. Notably, Lodha Mirabelle in Manyata Business Park spans 10 acres with an estimated GDV of INR 1,200 crore, while another project in Devanahalli covers 17 acres with a GDV of INR 2,400 crore.

In South Bengaluru, Macrotech Developers is launching multiple high-value projects, including Lodha Azur on Bannerghatta Road, which spans 9.2 acres with a GDV of INR 800 crore. Additional developments include a 9.2-acre project on Hosa Road, valued at INR 1,400 crore, and a large-scale 19-acre project in Sarjapur, boasting an impressive GDV of INR 2,800 crore.

Strategic Growth and Expansion Plans

The company has significantly expanded its operations over the past nine months, adding eight new projects in FY25 across Mumbai Metropolitan Region (MMR), Bengaluru, and Pune, amounting to a total GDV of over INR 19,500 crore. Macrotech Developers is aggressively acquiring land parcels through outright purchases and joint development agreements with landowners to fuel its rapid growth.

Strengthening Bengaluru Market Presence

Macrotech Developers' Managing Director and CEO, Abhishek Lodha, reaffirmed the company's commitment to the Bengaluru real estate market. He emphasized that the pilot phase in Bengaluru, which began in mid-2021, has been successfully concluded. The company aims to capture a 15% market share in the city’s real estate sector by the end of the decade.

“We entered Bengaluru with a structured approach, spending the initial 2-3 years building a strong operational foundation, understanding local market dynamics, and ensuring timely delivery to customers,” Lodha said during the company’s Q2 FY25 earnings call.

Strong Financial Performance

Macrotech Developers continues to demonstrate strong financial performance, recording a presale of INR 4,510 crore in Q3 FY25, marking a 32% year-on-year (YoY) growth. The company also reported customer collections of INR 4,290 crore for the quarter, reflecting a 66% YoY growth.

Diversifying into Digital Infrastructure

In addition to its residential projects, Macrotech Developers is making strategic moves in the digital infrastructure space. During Q3 FY25, the company acquired over 33 acres of land in the National Capital Region (NCR) for warehousing and industrial developments. Additionally, Macrotech Developers has strengthened its rental income business by increasing its stake in the PropCo segment under its Digital Infrastructure platform, aligning with its strategy to de-risk its development business through annuity income.

Highlights:

• Macrotech Developers to develop 64.4 acres in Bengaluru with a GDV of INR 8,600 crore.
• Key projects include: Lodha Mirabelle (10 acres, INR 1,200 crore GDV) and Devanahalli (17 acres, INR 2,400 crore GDV) in North Bengaluru.
• South Bengaluru developments: Lodha Azur (Bannerghatta Road, INR 800 crore GDV), Hosa Road (INR 1,400 crore GDV), and Sarjapur (INR 2,800 crore GDV).
• Expansion strategy: Eight new projects launched in FY25, totaling INR 19,500 crore GDV across MMR, Bengaluru, and Pune.
• Financial growth: Q3 FY25 presale of INR 4,510 crore (+32% YoY) and customer collections of INR 4,290 crore (+66% YoY).
• Diversification into digital infrastructure: Acquired 33 acres in NCR for warehousing and industrial projects, expanded PropCo stake.

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