Microtech Developers to invest Rs 4,500 cr this fiscal on the construction of real estate projects

Macrotech Developers Ltd will invest Rs 4,500 crore this fiscal year on the construction of real estate projects as it seeks to ramp up execution capabilities amid strong housing demand. Mumbai-headquartered Macrotech Developers, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country.

In an interview with PTI, Microtech Developers MD, and CEO Abhishek Lodha noted that the demand for residential properties continues to be strong despite increases in mortgage rates as well as housing prices.

Its sales bookings grew 34 percent in 2022-23 to Rs 12,014 crore and it has set a target of 20 percent growth to Rs 14,500 crore in the current financial year, he highlighted.