Lodha Developers Limited — Others, 11-03-2025: News Verification

Macrotech Developers has clarified news regarding its shares rising due to a reported acquisition of a Rs 279-crore land parcel in Mumbai. The company stated that it routinely evaluates land acquisitions through various methods, including Joint Development Agreements. In FY24, Lodha added 10 projects with a combined Gross Development Value (GDV) exceeding Rs 20,000 crore, and has already secured 8 projects with a GDV of Rs 19,400 crore, fulfilling over 90% of its FY25 guidance. This ongoing evaluation of land reflects Lodha's commitment to expansion and may positively influence investor sentiment with its strong project pipeline.