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NEW DELHI: As Macrotech Developers readied to hit the market with its IPO, what is puzzling investors is the name change: after all the branding and projects launched under the Lodha name, Lodha Developers changed its name. The management says that is no rocket science. “The company had a merger of its existing company, Macrotech Developers, in 2019. At that point in time, as per the board’s decision, it was chosen to retain the name of that merged entity,” said Abhishek Lodha, Managing Director and Chief Executive Officer of Macrotech Developers. The company plans to raise Rs 2,500 crore via the IPO, with primary focus on reducing its debt. At the upper end of the IPO price band, Macrotech will have a market capitalisation of about Rs 21,750 crore. DLF with a market cap of Rs 69,000 crore and Godrej Properties with Rs 38,000 crore are currently valued more than Macrotech’s estimated valuation. ....
® glass to help meet stringent daylighting, energy and occupant comfort requirements. “Performance was a primary concern,” stated Rick DAmato FAIA, LEED AP, design director, workplace principal, LPA, Inc. “[We] generated an energy model to justify the design which was utilized for California’s Title 24 compliance and for LEED and Living Building Challenge certification.” With its exceptional solar control, blocking nearly 80% of the sun’s heat energy while letting in high levels of daylighting, Solarban® 70 Atlantica® glass helped reduce the school’s Energy Use Intensity (EUI) by more than 100% compared to the national average for preschool/daycare building types. In addition to the operable windows, the building’s low energy footprint is further supported by large sliding doors, also made with ....
The Fayetteville City Council has approved new regulations for electric vehicle charging stations on private property. The standards require publicly ....