Its high time to clear realty debts
The debt list of the builders is pretty huge!
With a drastic slowdown in the realty sector sales for past over a year, building construction, sale had been paused by 70 percent!
Now, its high time that the unsold flats and apartments need to be pushed!
The only aim of real estate companies across India is to sell assets to trim debt and generate cash flows.
Realty experts say that few years down the lane, few of builders like DLF and Unitech Ltd were the one’s who played a major role in investing crores of funds.
However, today realty is expanded so well that even mid-size builders are trying to sell assets they don’t want to develop immediately.
Source: Live Mint
Builders, Building construction, DLF, Drastic slowdown in the realty sales, Generate cash flows, Mid-size builders, Real Estate Companies, Realty experts, Unitech Ltd, Unsold flats and apartments
The realty sector for sure is fluctuating. On one hand we property buyers are worried with skyhigh property rates and after reading this I learnt that even the developers are having tough time. Hope the situations get back to normal soon!
Sad to hear that there is huge list of debts! I think its in the hands of the builders to moderate the property prices and push all unsold constructions.