Gurugram, December 9, 2024 Macrotech Developers, the Mumbai-based real estate company known for its Lodha brand, has acquired a 45-acre plot of land in Sohna, Gurugram, for Rs 110 crore. The company intends to turn the land into a state-of-the-art industrial and logistics park, marking its debut in the booming Delhi-NCR market.
This acquisition is part of Macrotech's strategy to expand its presence in the industrial and logistics real estate sector, a rapidly growing demand area in India, especially in key regions like Delhi-NCR.
Taking Advantage of Opportunities in the Industrial Sector
Seizing Growth in the Sector and Tapping into Opportunities in the Industrial Sector. The newly acquired land in Sohna offers Macrotech Developers the perfect chance to address the growing demand for industrial spaces. Thanks to the area’s excellent connectivity to highways and transport hubs, the project will be well-positioned to meet the need for logistics facilities.
This acquisition represents a shift for Macrotech, moving beyond residential properties to expand into the industrial real estate market. This is part of their efforts to diversify and tap into the thriving industrial sector. A strategy to diversify their holdings and benefit from the booming industrial sector.
Macrotech’s Growing Focus on Industrial Real Estate
This latest acquisition builds on Macrotech’s ongoing efforts to strengthen its position in the logistics and warehousing sector. Just last month, the company acquired a 100% stake in Janus Logistics and Industrial Parks Pvt Ltd (JLIPPL) for Rs 48 crore, making JLIPPL a fully owned subsidiary. Macrotech now plans to expand its industrial parks under the Lodha Industrial and Logistics Park (LILP) brand.
Macrotech’s goal is to create income-generating assets in various sectors, including offices, retail spaces, and industrial parks. The company has outlined a target to generate Rs 1,500 crore annually from rent by the fiscal year 2030-31, showing its optimism about the growth potential in the industrial real estate market.
Strengthing Collaborations
Macrotech has been forging important partnerships to boost its industrial real estate business. In May 2022, the company collaborated with Bain Capital and Ivanhoe Cambridge to invest up to USD 1 billion in developing industrial and warehousing parks across India. More recently, Macrotech has taken things further by acquiring stakes in several industrial and logistics companies, strengthening its position in this rapidly growing sector.
Growth Story
Macrotech Developers keeps seeing impressive growth across its real estate holdings. The company has already delivered over 100 million square feet of real estate and is working on an additional 110 million square feet of ongoing projects. The company’s residential business has also been thriving, with a 20% increase in sales bookings for the fiscal year 2023-24, reaching a record Rs 14,520 crore. Macrotech aims to sell Rs 17,500 crore worth of properties this fiscal year.
The Steady Growth and Ongoing Expansion :
Macrotech Developers is looking to diversify its portfolio, including a focus on industrial and logistics real estate and digital infrastructure investments. This strategy is setting the company up for long-term growth. By continuing to expand in these high-demand areas, Macrotech is positioning itself as a key player in India’s real estate market, especially in the industrial and logistics sectors.
With this acquisition in Gurugram and its broader expansion strategy, Macrotech Developers is on track to shape the future of India’s real estate market, meeting the rising demand for logistics and industrial spaces across the country.