Company is looking for land for housing project in Delhi-NCR
The country’s legendary real estate company Macrotech Developers Limited is planning to enter the housing market of Delhi-NCR. Macrotech Developers is looking for land for the construction of housing projects in Delhi-NCR. Giving this information, a senior officer of the company said that there are many opportunities for growth in this area. Mumbai’s real estate company Macrotech Developers sells property under the ‘Lodha’ brand. The company currently has a massive attendance in Mumbai Metropolitan Region (MMR) and Pune, while the company has started its projects in Bengaluru.
Company is looking for land for housing project in Delhi-NCR
Sushil Kumar Modi, Executive Director (Finance) of Macrotech Developers, told PTI that his projects have started in Bengaluru and now the company is ready to enter a new city. Asked about the Housing Market of Delhi-NCR, he said, “We are seriously considering this. We are looking for land. We like this market. We know that the NCR market has its own nuances, so we will be more careful here. ”He said that the company is discussing with the owners of the land for land acquisition and is expected to complete at least one land deal in this financial year.
Stormy boom in the shares of Macrotech Developers on Monday
Let us tell you that Macrotech Developers is a company listed in the stock market. On Monday, the company’s shares closed up to Rs 1306.10 with a stormy rise of 5.67 percent (Rs 70.05) on BSE. However, the company’s shares are still far below their 52 weeks high. The 52 week high of Macrotech Developers is Rs 1648.00 and its 52 week is Rs 1036.00. According to BSE data, the current market cap of this real estate company is Rs 1,30,301.34 crore.
Latest business news
