Macrotech Developers acquires 20-acre land parcel in Bengaluru for Rs 2,800 crore project

Macrotech Developers, the company operating under the Lodha brand possession of more than 20 acres of land as part of its strategy to consolidate its position in Bengaluru for an ambitious residential development valued at Rs 2,800 crore. This is yet another important step forward for the Mumbai-headquartered realty major as it looks to cement its base in markets other than the core ones that consist of the MMR and Pune.

According to sources, the acquisition was structured as a combination of outright land purchase and a joint development agreement with the landowner. This hybrid approach aligns with Macrotech Developers’ ongoing strategy to secure prime real estate opportunities through diverse partnership models.

The company confirmed adding a new Bengaluru project with GDV of Rs 2,800 crore in the December quarter. That is the fifth location that Macrotech has managed to book in the city, and it is showing a growing commitment to the housing market in Bengaluru.

These new projects are expected to contribute majorly to the pre-sales growth from the next financial year onwards. The expansion of its footprints in Bengaluru will be an attempt to capitalize on the emerging demand for quality residential spaces within the city and further diversify its portfolio from established markets.

Having entered the Bengaluru realty market a few years ago, it has gradually established a presence in one of India’s metropolitan areas that are moving at a super-fast pace. This acquisition will stand testimony to how confident Macrotech is about long-term growth opportunities in Bengaluru and the considerable returns it expects to garner.

The aggressive expansion strategy by Macrotech Developers has helped strengthen its position further as one of the market leaders in the Indian real estate space, focusing on delivering high-value housing projects across key urban markets.