As part of the outlook, Macrotech's MD said the company will stick to its medium-term strategy of delivering price growth in the range of 2 percent below wage growth.
Abhishek Lodha and Macrotech had filed a brand infringement suit in January 2025 against Abhinandan and HoABL, after years of wrangling. Abhishek and Abhinandan, sons of real estate magnate Mangal Prabhat Lodha, both worked at the Lodha Group till Abhinandan's exit in 2015.
Macrotech's filing earlier this month gave a fresh twist to the ongoing feud between brothers Abhishek Lodha's Macrotech and Abhinandan Lodha's HoABL. Macrotech sued HoABL for violations for intellectual property rights and alleged unauthorised use of the "Lodha" brand
In a regulatory filing, Macrotech said that Q4 represented its best ever quarter in terms of pre-sales, with the same being the case for the financial year as well.
The mediation process is expected to be completed in around five weeks, to be conducted by retired Supreme Court Justice RV Raveendran, with the next hearing of the case scheduled on March 21.
Observers said that the case has been a long time coming, with the brothers accusing each other of high debt, financial mismanagement, and violations of a family settlement signed nearly a decade ago.
In FY24, Macrotech reported pre-sales of around Rs 1,400 crore in two projects in Bengaluru, and has added two more projects in the city with a gross development value of Rs 3,800 crore.
Mumbai-based Macrotech Developers, which sells its projects under the Lodha brand, is one of the leading developers in the country.
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Lodha said the company would continue to focus on Mumbai Metropolitan Region (MMR) and Pune. Macrotech is exploring opportunities in Bengaluru market and a final decision will be taken in the next few months.
Post-COVID, a strong recovery in the real estate market has helped companies like Macrotech Developers (Lodha) to leverage their capabilities given the strong presence in the high growth markets and huge unsold inventory it was carrying. Fiscal 2022 has come as a blessing with the company reporting one of its best performances. Know what’s in store for the stock.
Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, got listed in April last year after raising Rs 2,500 crore through its Initial Public Offering (IPO).
Macrotech Developers, which got listed on stock exchanges in April after raising Rs 2,500 crore through public issue, markets its properties under Lodha brand.