Jeffreys' Green Signal: The Rise of Macrotech in Real Estate

Real estate boom in 2023: Nifty Realty rises 81.35%. Jeffreys recommends Macrotech Developers (Lodha) on RBI rate cut prospects. Strategic assets, Mumbai Trans Harbour link boost. Q4 sees 12% rise in pre-sales to Rs 3,410 crore. Macrotech's promising future reflected in target price of Rs 1,290/share.
Lodha - Lodha
Lodha - Lodha

In 2023, real estate stocks defied high interest rates, yielding impressive returns. The Nifty Realty index surged by 81.35%, and in 2024, it continued its ascent, rising over 12% by January 12.

Real Estate
Real Estate

Investor Confidence

Anticipating an RBI interest rate cut, investors embraced real estate stocks. International brokerage firm Jeffreys recommended purchasing Lodha shares, listed as Macrotech Developers, citing a favorable market for property sales.

Strategic Assets

Macrotech Developers, owning 4,300 acres around Mumbai, stands to benefit from soaring land prices, doubling in the last three years. The Mumbai Trans Harbour link opening further enhances its prospects.


Growth Projections

Jeffreys set a target price of Rs 1,290 per share for Macrotech Developers, foreseeing long-term growth. On January 12, the stock surged over 8%.

Positive Indicators

Macrotech Developers reported a robust performance in the December quarter, with pre-sales surging by 12% to Rs 3,410 crore. Collections amounted to Rs 2,590 crore, reflecting strong financial health.

Expansion Initiatives

Introducing new projects covering 20 lakh square feet, Macrotech Developers values the total project at around Rs 6,000 crore. The company remains committed to sustained growth and development.

Data in this section is not a buy/sell recommendation but only a compilation of information on various technical/volume-based parameters

Analyst certifies that all of the views, if any, expressed in this report reflect his personal views about the subject company or companies and its or their securities, and no part of his compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. Analyst affirms that there exists no conflict of interest that can bias his views in this report. The Analyst does not hold any share(s) in the company/ies discussed.

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