Macrotech Developers has made a strategic move by acquiring 45 acres of land in Sohna, Gurugram, for ₹110 crore. This acquisition is part of the company’s plan to develop a major industrial and logistics park in the Delhi-NCR region, marking a significant step in its expansion strategy.
Macrotech’s vision for the 45-acre Gurugram land
The land purchase in Gurugram is a key part of Macrotech’s broader strategy to establish a strong foothold in the industrial and logistics sector. This project, which will fall under the Lodha Industrial and Logistics Park (LILP) brand, aligns with the company’s aim to create high-yielding assets in the industrial space. The acquisition supports Macrotech’s long-term goal of generating substantial rental income by developing warehousing and logistics infrastructure.
Macrotech’s growing focus on logistics and industrial parks
In addition to the recent land acquisition, Macrotech Developers has also expanded its portfolio by acquiring 100% of Janus Logistics and Industrial Parks Pvt Ltd (JLIPPL) for ₹48 crore. This strategic purchase will help Macrotech enhance its capabilities in developing warehousing and logistics assets, further bolstering its position in the growing industrial real estate sector.
Strategic partnerships and future growth plans
Macrotech’s foray into the logistics sector is complemented by its partnerships, including a notable tie-up with Bain Capital and Ivanhoe Cambridge to invest $1 billion in warehousing and industrial parks across India. This collaboration underscores Macrotech’s confidence in the growth potential of the logistics sector, with the company targeting an annual rental income of ₹1,500 crore by 2030-31.
Macrotech’s market performance and future ambitions
Macrotech Developers continues to see strong growth in its real estate operations. The company has already delivered over 100 million square feet of real estate and is actively developing another 110 million square feet across various projects. With a record-breaking ₹14,520 crore in sales bookings for the year 2023-24, Macrotech is on track to meet its ambitious targets and expand its market presence.
This acquisition marks just the beginning of Macrotech’s continued focus on expanding its portfolio of high-value industrial and logistics parks, further positioning the company as a key player in the real estate sector.
