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 


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


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.