Macrotech Developers is expecting a price growth of 6-7 percent in the current financial year (FY24). This price growth is expected to be below wage growth, indicating that the company is aiming for affordable prices that match the purchasing power of the buyers.
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Abhishek Lodha also mentioned that there is more consolidation in the industry.
Also Read | Macrotech Developers adds 12 land parcels in FY23 to build new projects with Rs 20k cr revenue potential
Moreover, Macrotech Developers is committed to reducing its debt from current levels. The company has been working on reducing its debt for the past few years and plans to continue doing so in the future. This move will not only improve the company's financial health but also help it to achieve its growth targets.
Macrotech Developers is expecting a repatriation of Rs 550 crore from the UK this year.
“On the UK front, we repatriated about Rs 550 crore from the UK last year and the balance of about Rs 550 crore will get repatriated this year and with that all our investments in the UK will come to an end,” he said.
This repatriation is a significant boost for the company's finances and will help it to invest in new projects and expand its operations further.
The stock has gained more than 10 percent over the past month.
Also Read | Oberoi Realty reports strong operational updates, booking value rises more than six times
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First Published: Apr 24, 2023 11:24 AM IST
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