Macrotech Developers, one of India’s leading real estate firms known for its properties under the Lodha brand, has secured a 45-acre land parcel in Sohna, Gurugram, for approximately Rs 110 crore, as published by The Economic Times.
The acquisition is part of the company’s strategy to expand its footprint in the Delhi-NCR market by developing an industrial and logistics park.
The new development will fall under Macrotech’s Lodha Industrial and Logistics Park (LILP) brand. This move signals the company’s commitment to growing its presence in the industrial and logistics sector, a key part of its strategy to build annuity income-generating assets.
Macrotech’s recent investment comes on the heels of its acquisition of a 100% stake in Janus Logistics and Industrial Parks Pvt Ltd (JLIPPL) for Rs 48 crore. JLIPPL, established in December 2022, is involved in the development and construction of warehousing and logistics facilities. This deal means JLIPPL will now operate as a wholly-owned subsidiary of Macrotech Developers.
In a statement, the company emphasized that these steps are in line with its goal of achieving calibrated growth through industrial and logistics investments, which are expected to provide consistent rental income in the coming years.
Macrotech Developers, based in Mumbai, has set ambitious targets for its industrial and logistics portfolio. According to its latest investor presentation, the company aims to generate Rs 1,500 crore in annual rental income by the 2030-31 fiscal year. The company sees great growth potential in the industrial and logistics segment of real estate, a sector that has been gaining significant traction due to the rise of e-commerce, manufacturing, and global trade.
In 2022, Macrotech formed a strategic partnership with Bain Capital and Ivanhoe Cambridge, planning to invest approximately USD 1 billion to develop industrial and warehousing parks across India. This partnership also led to Macrotech acquiring Ivanhoe’s stake in the digital infrastructure platform entities for Rs 239.56 crore in September 2024. Additionally, the company acquired Bain Capital’s stake in three industrial and logistics park entities for Rs 307 crore.
Macrotech Developers’ foray into Gurugram’s industrial sector comes as part of the company’s broader diversification into industrial real estate. The company has already delivered around 100 million square feet of real estate and is developing more than 110 million square feet in its ongoing and planned projects. This new acquisition in Sohna represents a significant step in the company’s growth strategy, especially as it seeks to expand its portfolio of rent-yielding assets like offices, malls, high-street retail spaces, and now, industrial parks.
The company has also witnessed substantial growth in its sales. For the fiscal year 2023-24, Macrotech reported a 20% increase in sales bookings, reaching a record Rs 14,520 crore, compared to Rs 12,060 crore the previous year. Macrotech is now targeting Rs 17,500 crore in property sales for this fiscal year, mainly from residential sales.
The Gurugram area, particularly Sohna, has seen increasing demand for industrial real estate due to its proximity to major highways and the international airport. This makes it an ideal location for warehousing and logistics developments, which are essential for supporting e-commerce, manufacturing, and global supply chains. Macrotech’s investment in this area places the company in a strong position to meet the growing demand for modern industrial infrastructure in one of India’s most dynamic real estate markets.
Macrotech Developers is positioning itself to become a leader in the industrial and logistics real estate sector in India. The company’s strategy of entering key markets like Gurugram, backed by significant investments and partnerships, aims to secure a dominant share of the country’s industrial real estate market.
The acquisition of the Sohna land and its investment in JLIPPL are just the latest steps in Macrotech’s ongoing efforts to diversify and expand its real estate portfolio. With its focus on high-quality industrial and logistics infrastructure, Macrotech aims to achieve sustained growth in its rental income and further establish itself as a prominent player in the Indian industrial real estate landscape.
As the demand for industrial spaces continues to grow, Macrotech’s efforts in developing modern industrial parks are expected to play a crucial role in shaping the future of logistics infrastructure in India, particularly in the fast-developing region of Gurugram.