Macrotech to invest around Rs 4,000 crore to acquire land parcels
Multinational real estate company Macrotech Developers has plans to invest Rs 3,500-4,000 crore this fiscal to acquire new land parcels. The plan is to acquire these land parcels outright and through joint development agreements with landlords, to build housing projects as part of its expansion plan to encash a surge in demand for residential properties.
The firm has a major presence in Mumbai Metropolitan Region (MMR) and Pune and has just entered the Bengaluru market.
Also Read: Rs 5, 000 Crore Investment Planned By Macrotech Developers For Realty Projects