Macrotech Developers (LODHA) achieved strong Q1FY24 sales bookings of INR33.5bn (up 17% YoY) driven by the micro-markets of South/Central Mumbai (INR11.6bn) and extended Eastern suburbs (INR6.1bn). The company has balance launches of 9.4msf in FY24E having GDV of INR125.6bn which should enable the company to sustain sales momentum going ahead.