Tuesday, April 14, 2015

Mumbai realty developers' debt rises

Overall, listed Mumbai developers are battling higher inventory levels. They have unsold under-construction area worth Rs 53,400 crore, a Kotak report said, adding developers have Rs 36,800 crore in coming launches, almost half of these from south-central Mumbai.

Developers are not able to sell assets faster and cash flow improvement is not happening as the real estate sector is yet to recover.

Reference: http://www.business-standard.com/article/companies/mumbai-realty-developers-debt-rises-115031600045_1.html

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