Macrotech Developers, operating under the Lodha brand, has accelerated its expansion strategy with a significant capital commitment of 1,200 crore INR for construction activities this quarter. This investment supports a robust pipeline of 12 new housing projects with an estimated sales value of nearly 13,000 crore INR. The company is currently tracking toward an ambitious pre-sales guidance of 21,000 crore INR for the 2026 fiscal year. This momentum is evidenced by record-breaking performance in recent quarters, including a 25% year-over-year growth in sales bookings. Current market data shows the firm is successfully diversifying its footprint beyond its stronghold in the Mumbai Metropolitan Region. Operations have significantly expanded in Pune, where sales grew from 200 crore INR in 2021 to 1,800 crore INR in the latest annual cycle. Additionally, the developer has established a successful presence in Bengaluru, securing 1,200 crore INR in pre-sales during its inaugural year in that market. A pilot entry into the Gurugram and Delhi-NCR luxury markets is also underway to capture growing demand in Northern India. Financial health remains a focal point, with net debt reduced to approximately 3,990 crore INR. The company maintains a conservative leverage profile with a debt-to-equity ratio of 0.2x, well below its self-imposed ceiling of 0.5x. Profitability remains strong, with embedded EBITDA margins holding steady at approximately 33%. As of February 23, 2026, the company’s stock is trading at 1,071.15 INR on the National Stock Exchange, reflecting a market capitalization of approximately 1.07 lakh crore INR. Investor confidence is bolstered by a 13.69% return on equity and a consistent 20% annual growth target for pre-sales over the medium term. The broader Mumbai real estate market continues to show resilience, particularly in the luxury segment. While overall volumes in the region have remained stable, average selling prices in key micro-markets like Thane have seen double-digit growth. Lodha’s strategy focuses on these high-demand zones, utilizing a 600 million square foot development potential to sustain long-term revenue. The company is also diversifying into digital infrastructure and annuity-based assets. This includes a massive 400-acre data center park in Palava and premium retail spaces. These initiatives are projected to generate annual rental potential of 560 crore INR by 2031, providing a balanced mix of sales-led and recurring income streams.