Macrotech Developers aims to develop Housing Projects across 64-acre in Bengaluru

Mumbai-based Macrotech Developers, a listed real estate company, plans to develop residential projects across 64.4 acres in Bengaluru, with a potential gross development value (GDV) of Rs. 8,600 crore.

According to company data, Macrotech has two ongoing and three upcoming projects in the city, all contributing to this significant sales potential.

Among the key developments, Lodha Mirabelle in Manyata Business Park spans 10 acres with a GDV of Rs. 1,200 crore, while a project in Devanahalli covers 17 acres and is valued at Rs. 2,400 crore.

In south Bengaluru, the company is working on Lodha Azur along Bannerghatta Road (9.2 acres, Rs. 800 crore GDV), a Hosa Road project (9.2 acres, Rs. 1,400 crore GDV), and a venture in Sarjapur (19 acres, Rs. 2,800 crore GDV).

“These projects are expected to drive significant pre-sales growth in Bengaluru starting next financial year,” the company noted in its Q3 FY25 quarterly update. It also highlighted that over the past nine months, Macrotech has added eight new projects in Mumbai Metropolitan Region (MMR), Bengaluru, and Pune, representing a cumulative GDV of more than Rs. 19,500 crore.

Macrotech’s expansion strategy includes acquiring land through outright purchases and partnerships for joint development. In a recent move, the company secured a 19-acre parcel for a residential project worth Rs. 2,800 crore.

Abhishek Lodha, Managing Director and CEO of Macrotech Developers (Lodha Group) stated in October 2024 that the firm had completed its pilot phase in Bengaluru and aims to capture a 15% market share in the city’s real estate market by the end of the decade.