Lodha Group plans alliances for Rs 150-bn development projects

Macrotech Developers, the publicly traded entity of the Lodha Group, expects to form alliances to execute development projects with a combined gross development value of Rs 150 billion in the current fiscal year.

The company has already entered into three such partnerships in the quarter of June to develop projects spanning 5.1 million square meters, with a gross development value of nearly Rs 62 billion.

“Given the strong appeal of our brand to landowners and therefore a robust pipeline of JDAs (Joint Development Alliances), we expect to add new projects with a combined GDV of approximately Rs 150 billion in FY23,” said Abhishek Lodha, Managing Director and chief executive of Macrotech Developers.

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