Realty company Macrotech Developers Limited has said in its operational update that the company's total debt has increased by 14 percent to Rs 4,920 crore during the second quarter of this financial year. The company has increased this debt because it wants to invest more on land acquisition and construction. Mumbai-based Macrotech Developers, which sells its projects under the Lodha brand, is one of the leading developers in the country.

As per its latest update, the company's total debt stood at Rs 4,920 crore as on September 30, 2024. The company said that our total debt is Rs 49.2 billion, which is well below the limit of 0.5 times our total debt/equity. 21% increase in sales booking The total debt of Macrotech Developers was Rs 4,320 crore as on June 30, 2024 and Rs 3,010 crore at the end of the financial year 2023-24. Earlier this month, Macrotech Developers had reported that due to better housing demand, sales booking grew by 21 per cent in the July-September period and reached a record Rs 4,290 crore. The company had sold properties worth Rs 3,530 crore in the same period a year ago. Macrotech Developers said that we have achieved our best quarterly pre-sales of Rs 42.9 billion (Rs 4,290 crore), which is an increase of 21 percent year-on-year. During the last financial year, the company had registered a 20 percent increase in its sales booking (pre-sales), which was a record Rs 14,520 crore, while in the previous financial year it was Rs 12,060 crore.