Macrotech Developers to launch Rs 19k crore housing projects this fiscal

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Macrotech Developers to launch Rs 19k crore housing projects this fiscal - Business Standard

Quick Summary:

Realty firm Macrotech Developers Ltd plans to launch housing projects worth Rs 19,000 crore across Mumbai Metropolitan Region, Pune and Bengaluru during this fiscal as it seeks to expand business amid strong demand for residential properties.

In an interview with PTI, Macrotech Developers Executive Director- Finance Sushil Kumar Modi said the company remains bullish about the growth prospects in Indian real estate sector and will keep investing to expand business.

"In the last fiscal, we launched around 10 million square feet area with a Gross Development Value (GDV) of around Rs 14,000 crore spread across 24 projects," he said.