Realty agency Macrotech Builders expects to attain its goal of fifty per cent progress in gross sales bookings this fiscal to Rs 9,000 crore regardless of sluggish housing demand in April-Could in view of second wave of the Covid-19 pandemic, a high firm official stated.
Mumbai-based Macrotech Builders, which markets its properties underneath ‘Lodha’ model, bought listed on the inventory exchanges in April this 12 months after elevating Rs 2500 crore by way of its preliminary public providing (IPO). It is without doubt one of the main actual property agency within the nation.
In an interview with PTI, Macrotech Builders MD and CEO Abhishek Lodha sounded assured of assembly the gross sales bookings steerage of Rs 9,000 crore for the present 2021-22 monetary 12 months as housing demand recovered strongly after nearly a washout in April-Could.
The corporate’s gross sales bookings stood at Rs 5,970 crore final fiscal 12 months.
“Our housing gross sales have been badly impacted throughout April-Could due to the second wave. However, in June, we achieved gross sales bookings of round Rs 650 crore and demand in July can also be good,” he advised