Rs 4,500 cr to be invested by Macrotech Developers on real estate projects

The developer has acquired land parcels having an estimated revenue potential of nearly Rs 20,000 crore, after development.
Macrotech, which sells its properties under the Lodha brand, creates land banks through outright purchases and joint development agreements (JDAs) with landowners. The company is planning to expand business in the Mumbai Metropolitan Region (MMR) and Pune, besides the launch of two projects in Bengaluru. It has allocated Rs 17,500 crore plus of new business development for the current financial year.