The company reported its best ever first quarter pre-sales performance at Rs 3353 crore alongside a “very strong” business development of Rs 12,000 crore.
In the first quarter alone, the developer has added five new projects with potential gross development value (GDV) of Rs 12,000 crore during the quarter. The new projects include projects in the western suburbs of Mumbai, Bengaluru and in Alibaug.
Realty developer Lodhas listed company Macrotech Developers has entered into an agreement with Havemore Realty to develop the free-sale component of a 1.4-million-sq-ft Mumbai project in which HDFC was an investor. HDFC that has merged with HDFC Bank will get a certain built-up area as part of repayment of its investment made earlier.