Macrotech Developers will invest Rs 4,500 crore in construction works of real estate projects in the current financial year (FY) as it works to ramp up execution capabilities amidst strong housing demand. The developer has acquired land parcels which have an estimated revenue potential of nearly Rs 20,000 crore, after development.

The Mumbai-headquartered developer, which sells its properties under the Lodha brand, has set a target of 20 percent growth to Rs 14,500 crore in the current FY. The company has notched up a significant cash flow surplus through its products, including building and delivery of these projects, and plans to utilise it towards investment, primarily in land-specific assets.

Under new business development, Macrotech creates land banks through outright purchases  and joint development agreements (JDAs) with landowners. It has allocated Rs 17,500 crore plus of new business development for the ongoing FY.

The company envisions expanding business in the Mumbai Metropolitan Region (MMR) and Pune markets, and has lined up the launch of two projects in Bengaluru in this FY. Macrotech has delivered around 94 million sq. ft. of real estate, and is currently developing about 105 million sq. ft. under its ongoing and planned portfolio.  Beyond this, the company has over 4,300 acres of land.