Why there is so much action Macrotech Developers? What is positive news for the company? How is the company going to expand? Why Macrotech Developers share price jumped 15% in 5 days? Zee Business’ News Anchor & Senior Producer Mansi Dave decodes:-

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Dave said that a popular realty firm, Macrotech Developers, has partnered with Morgan Stanley Real Estate Investing (MSREI) to develop a premium warehousing project near Mumbai with an investment of Rs 600 crore. MSREI to develop about 1.9 million square feet area at Palava Industrial and Logistics Park (PILP). This would entail an investment of approximately Rs 600 crore for the development of Grade-A warehouses across 72 acres land parcel at PILP, she added.

Key responsibilities of the company

Dave said that leading the project, asset management, project development are the key responsibilities of Macrotech Developers. Besides India, Macrotech is also developing two projects in London, which is why it is in focus as of now.

Advantages of tie-up with Morgan Stanley

Dave said that with the company’s deal with Morgan Stanely, Macrotech would gain popularity in the Logistics and Industrial development sector. Secondly, we can expect to see a great market being built for the company. Lastly, the company will increase its portfolio and tighten its warehousing business grasp, which is going to serve as an advantage for the company.

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Dave said the stock price has shown more than a 15 per cent jump in the last five days, Dave added.