The company, which got listed last year by raising Rs 2,500 crore through its Initial Public Offer (IPO), markets its product under the Lodha brand
Realty firm Macrotech Developers is targeting 27 percent growth in its sales bookings during the current fiscal at Rs 11,500 crore on better demand prospects and a strong pipeline of new launches, a top company official said. The company, which got listed last year by raising Rs 2,500 crore through its Initial Public Offer (IPO), markets its product under the Lodha brand. In an interview with PTI, Macrotech Developers MD and CEO Abhishek Lodha said the company has set the pre-sales target of Rs 11,500 crore for the financial year 2022-23.”We had given the pre-sales guidance of Rs 9,000 crore for the last fiscal and we achieved sales bookings of Rs 9,024 crore despite disruption due to COVID second wave in Apr-May last year, as well as the impact of Omicron in January 2022,” Lodha said.
Source: Business Standard
