The development at Palava City started in 2010, with phase 1 covering 300 acres that was sold out and delivered to nearly 20,000 families in 4-5 years. In 2014, the company started with phase 2 spanning 1,000 acres with over 75 million sq ft of developable area, of which over 20 million sq ft is complete. Currently, the project has nearly 175,000 residents.
Macrotech Developers is on track to meet their full-year pre-sales guidance of Rs 14,500 crore, despite reporting a drop in pre-sales on a sequential basis.
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.
Get latest articles and stories on Latest News at LatestLY. Realty firm Macrotech Developers on Friday reported 12 per cent increase in its sale bookings to Rs 3,410 crore for December quarter of this fiscal year on better demand for its residential properties. Latest News | Macrotech Developers Q3 Sale Bookings Up 12 Pc to Rs 3,410 Cr.