Minor impact of new Covid-19 wave on sales, says Abhishek Lodha

Realty firm Macrotech Developers saw a "minor" impact on housing demand in the first two weeks of January this year due to surge in COVID cases and remains confident of meeting the Rs 9,000-crore sales bookings target for this fiscal, its MD & CEO Abhishek Lodha said. Macrotech Developers markets its properties under the Lodha brand. It is developing projects in the Mumbai region and Pune. In an interview with PTI, Abhishek Lodha said the company has increased prices by an average 4-5 per cent so far this fiscal. Continuing with its asset-light model, Lodha said the company has entered into 11 joint development agreements (JDAs), worth Rs 14,500 crore sales value potential, so far this fiscal and hopes to conclude more by March-end. When asked about the impact of new wave of the COVID infections, Lodha said: "There was a minor impact in the first two weeks of this months as there were restrictions on movement." However, he said the sentiments among homebuyers remains positive and

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