MACROTECH DEVELOPERS LIMITED

Business strategy
The Lodha group is involved in the real estate business and among the largest real estate
developers in India. They Primarily Focus on enhancing leadership position in residential
developments by growing in the micro markets of MMR & Pune where they currently have a limited
presence. Gradually diversifying in select tier-I Indian cities in the medium to long term. They usually
Leverage their leadership position to act as a partner of choice for landowners and grow using a joint
development or joint venture approach. They Pursue a value-accretive land acquisition strategy and
develop large-scale industrial parks etc.

Subsidiaries
The Company is a subsidiary of Sambhavnath Infra build and Farms Private Limited. They
have 49 subsidiaries / associates and Palava Dwellers Private Limited is a material un-listed
Indian subsidiary. The main associates of the company includes Kora Constructions Private
Limited and Altamount Road Property .Private Limited

Economies of scale
Their relationships with their suppliers assists them in cost optimization by providing volume-based
benefits to such suppliers. They place significant emphasis on cost management and rigorously
monitor their projects to ensure that they are completed within committed timelines and budgeted
amounts. They improve cost efficiency by focussing on value engineering based on feedback from
completed projects and consumers, such as simplifying construction by eliminating elements which
they have found to not add significant value, including super-high rise construction (over 150
meters) and basements. As a result of their end-to-end execution capabilities and in-house
resources, they are able to develop projects at competitive cost as well as create value for future
projects through their efficient supply chain and attain economies of scale.

Future growth opportunities

Their growth is linked to the availability of land in areas where They intend to develop projects
either by themselves or under joint development or joint venture arrangements. Suitable land
parcels are severely limited in the city of Mumbai which is their primary market. Occasionally areas
of land become available, such as the lands belonging to the inoperative textile mills, but these tend
to be expensive however they have been successful in obtaining some of the land belonging to such
mills at reasonable cost thus showing high probability of growth.

Covid 19 responses
Despite being impacted severely by Covid during the year, Lodha Group managed to achieve ` 5,968
crore of pre-sales across all segments. Though fewer people could transact in the year the system
witnessed a late rebound. In upper Thane the company has developed a separate plotted project
called ‘Lodha Villa Royale’. In light of the COVID-19 pandemic, demand for such a villa and open area
development has been quite encouraging. During the pandemic They intend to continue to acquire
strategically located parcels of land at competitive prices while ensuring a disciplined capital
structure with the goal of maximizing returns and developing a robust pipeline of projects in the
MMR as well as select Tier-1 Indian cities which we finalise after thorough evaluation. In addition,
they also intend to undertake development through the joint development agreement (“JDA”)
model.

Sales
9515.74
10000
9000 8114.76
8000 7442.81
6794.92
7000 5865.22
6000
Sales

5000 4299.69
4000
3000
2000
1000
0
2015 2016 2017 2018Sales 2019 2020 2021 2022
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