Macrotech forms two JVs to build realty projects worth Rs.1,500-Cr

Mumbai-based Macrotech Developer, earlier known as Lodha Developers, has entered into two joint development agreements in the Mumbai Metropolitan Region (MMR) and Pune with two real estate companies. The sales value of both the projects would be INR 1,500 crore. The first project is at Western Suburbs (Malad), having an estimated GDV (gross development value) of around INR 600 crore, and the second at Pune (NIBM), with an estimated GDV of around INR 900 crore. The company would share revenue with landowner partners in these two projects.