propnewstime.com-Branded housing demand fuels debt reduction and growth for India's Real Estate giants
Residential real estate sales have reached a new high across India's top seven cities in the past year, with buyer preferences increasingly shifting towards projects by branded developers. This trend has significantly boosted the sales and financial health of the country's leading real estate firms, particularly the top eight listed players, who have enjoyed stellar performances across their projects.
Among the top performers, DLF Ltd. and Kolte Patil have made the most remarkable strides in reducing their overall debt burdens. Between Q4 FY2019 and Q1 FY2025, DLF Ltd. achieved an astounding debt reduction figure of over 165%, thanks to a cash surplus of INR 2,896 crore. Kolte Patil also followed suit with an impressive 107% debt reduction, aided by a cash surplus of INR 37 crore. Lodha Group also saw substantial improvement, cutting its net debt by 83% during the same period.
