Macrotech Developers Targets Growth in Delhi-NCR Residential Market

Macrotech Developers Ltd is set to expand into the Delhi-NCR residential market, aiming to acquire land for new housing projects. Known for its Lodha brand, the company plans pilot projects before full-scale operations, with existing growth in Bengaluru, Pune, and Mumbai regional markets.

Macrotech Developers Ltd, under the Lodha brand, is eyeing the bustling Delhi-NCR residential market, aiming for substantial growth through strategic land acquisitions. As one of India's top real estate players, the firm sees this expansion as a prime opportunity to broaden its presence.

According to Executive Director-Finance Sushil Kumar Modi, Macrotech is ready to start pilot projects in Delhi-NCR, having successfully entered a growth phase in Bengaluru. This cautious approach is intended to navigate the unique challenges of the NCR market.

Already securing a land parcel in Gurugram last fiscal, Macrotech's broader goal is to expand its footprint, capitalizing on substantial investment to kickstart new ventures across India's major cities.

(With inputs from agencies.)