Realty firm Macrotech Developers has formed three joint ventures with landowners during April-June quarter to develop housing projects with an estimated sales value of Rs 6,200 crore and is exploring for more tie-ups.
In an interview with PTI, the company's Managing Director and CEO Abhishek Lodha said the housing market remains in strong position and the company achieved the best-ever first quarter sales during April-June 2022 despite interest rate hikes. He said the company is looking to form more partnerships across its three focus markets — Mumbai Metropolitan Region (MMR), Pune and Bengaluru -- to expand its business in a asset-light manner and achieve higher growth.
Mumbai-based Macrotech Developers, erstwhile Lodha Developers, is one of the leading real estate developers in the country and sells its properties under Lodha brand.