Macrotech Developers secures prime Mumbai land via joint venture
pre-market1 source ↓written by the desknot a recommendation
- in Parel-Sewri
- 10.26 acres
- valued
- ₹364.80 crore
- favoring Macrotech
- 63:37 revenue split
Macrotech Developers Ltd. has entered a joint development agreement for 10.26 acres in Parel-Sewri, Mumbai, valued at ₹364.80 crore. The deal features a 63:37 revenue split favoring Macrotech, enhancing its project viability while minimizing capital outlay. This strategic move strengthens its position in Mumbai's competitive real estate market.
The acquisition is expected to bolster Macrotech's development pipeline and maintain balance sheet strength, crucial for future projects.
Not investment advice. For informational purposes only.