Macrotech Developers IPO Note: HDFC Securities
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HDFC Securities Report
Macrotech Developers Ltd. (erstwhile Lodha Developers Ltd.) is one of the largest real estate developers in India, by residential sales value for the financial years 2014 to 2020.
Its core business is residential real estate developments with a focus on affordable and mid-income housing.
Currently, it has residential projects in the Mumbai Metropolitan Region and Pune.
In 2019, it forayed into the development of logistics and industrial parks and entered into a joint venture with ESR Mumbai 3 Pte. Ltd. (‘ESR’), a subsidiary of ESR Cayman Ltd., an Asia Pacific focused logistics real estate platform.
It also develops commercial real estate, including as part of mixed-use developments in and around its core residential projects.
Company’s customer-centric business model focuses on designing and developing its ‘branded products’ to address consumer needs across locations and price points.
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