Macrotech Developers IPO - ICICI Direct’s Investment Rationale 
The World Towers developed by Lodha Developers. (image: Company website)

Macrotech Developers IPO - ICICI Direct’s Investment Rationale 

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Macrotech Developers Ltd., incorporated as Lodha Developers Pvt Ltd. on September 25, 1995, is one of the largest real estate developers in India by residential sales value for FY14-20.

Its core business is residential real estate development with a focus on affordable and mid-income housing. Currently, it has residential projects in the Mumbai Metropolitan Region and Pune.

In 2019, the company had forayed into the development of logistics and industrial parks and entered into a joint venture with ESR Mumbai 3 Pte Ltd.

The company also develops commercial real estate, including as part of mixed-use developments in and around its core residential projects.

Click on the attachment to read the full report:

ICICI Direct Macrotech Developer IPO Review.pdf

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