Macrotech Developers on Thursday reported a 40 per cent increase in sales bookings to Rs 2,608 crore during the quarter ended December on higher housing demand, helping the company to trim net debt by 20 per cent to Rs 9,925 crore.

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Macrotech Developers, one of the leading real estate developers in India, markets its properties under the Lodha brand.

In a regulatory filing, Macrotech said its sales bookings grew to Rs 2,608 crore during the third quarter of this fiscal, from Rs 1,862 crore in the year-ago period.