Real Estate Developers' Significant Reduction in Net Debt Amidst Housing Sales Trends
Friday, 11 October 2024, 04:56
Real Estate Market Recovery
In recent trends, real estate developers have successfully reduced their net debt by 54%, bringing it down to approximately ₹20,808 crore as of Q1 FY25. This marks a substantial decline from the ₹44,817 crore recorded at the end of Q4 FY19.
Impact on Housing Sales
This reduction in net debt reflects positively on housing sales, facilitating better cash flow and enhanced booking value for listed real estate developers.
Top Developers Performance
- Focus on sustainable growth
- Investment in strategic projects
- Improved financial health leading to robust housing sales
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.