Top Indian Real Estate Developers Slash Debt, Bookings Hit Record High
Mumbai, Oct 10 2024 - India's top eight listed real estate developers have significantly reduced their net debt by 54 per cent in the first quarter of FY25, marking a substantial improvement from the peak in FY19. Concurrently, their booking values have s
Real EstateIndian DevelopersNet Debt ReductionBooking ValuesAnarock GroupReal Estate MumbaiOct 10, 2024
The reduction in debt has been accompanied by a surge in booking values, indicating strong market performance. Residential sales have hit a new peak across the top seven cities in the past year, with buyer demand heavily favoring branded developers. In Q1 FY25 alone, the booking value of these eight listed developers stood at Rs 26,832 crore.
To provide some context, these top eight listed players had a collective booking value of Rs 27,144 crore in FY19. By FY24, this value had surged to about Rs 90,573 crore, marking a 234 per cent increase over the period. Notably, the first quarter of this financial year alone saw their collective booking value at Rs 26,832 crore, nearly 99 per cent of the total value recorded in the entire FY19 and 30 per cent of the total value for the whole of FY24.
“This is a significant achievement, especially considering that there are three more quarters left in the ongoing financial year,” highlighted Dr Prashant Thakur, Regional Director and Head of Research at Anarock Group. The data shows a substantial rise in sales revenue among these developers.
However, the report also noted that some players experienced a rise in net debt during this period. This increase is primarily attributed to their aggressive expansion strategies and land acquisitions in various cities. Despite this, these developers also saw a significant increase in their booking values over the year.
The net debt decline for the other players is attributed to the significant jump in booking values over the last few quarters. This positive trend underscores the resilience and growth potential of the Indian real estate sector, particularly among listed developers.
For more information about Anarock Group, a leading real estate consultancy in India, visit their website. Anarock Group provides comprehensive real estate research, advisory, and transaction services to a wide range of clients across the industry.
Frequently Asked Questions
Which top eight listed real estate developers in India have reduced their net debt?
The top eight listed real estate developers in India that have reduced their net debt include companies like DLF, Godrej Properties, and others.
What is the percentage reduction in net debt for these developers in Q1 FY25?
The net debt for these developers has reduced by over 54 per cent in Q1 FY25 compared to the peak in FY19.
What is the current net debt of these developers in Q1 FY25?
The net debt of these developers collectively stands at approximately Rs 20,808 crore in Q1 FY25.
How have the booking values of these developers changed in Q1 FY25?
In Q1 FY25, the booking value of these developers stood at Rs 26,832 crore, nearly 99 per cent of the total value recorded in the entire FY19.
What factors have contributed to the reduction in net debt and increase in booking values?
The reduction in net debt and increase in booking values are attributed to aggressive expansion strategies, land acquisitions, and strong market performance, particularly in residential sales across the top seven cities.
Related News Articles
Aadhar Housing Finance Eyes Sustained Growth of Over 20% in Disbursements and Asset Base
Aadhar Housing Finance projects disbursements and assets under management to grow at over 20% this year
No Reversal on Real Estate LTCG Tweaks: Government Stands Firm
Government sources have confirmed that there will be no reevaluation of the changes made to Long Term Capital Gains tax (LTCG) in the Union Budget, despite concerns over the removal of Indexation benefit on property sales.
Navigating the Industrial REIT Landscape: A SWOT Analysis of EastGroup Properties
EastGroup Properties, a real estate investment trust (REIT) specializing in industrial properties, is at a crossroads in the ever-evolving industrial REIT landscape.
Godrej Group Makes Major Move in Mumbai Real Estate by Acquiring Land for Rs 81 Crore
In a strategic move, Godrej Group, through its real estate subsidiary Anamudi Real Estates, has acquired a significant plot of land in the bustling city of Mumbai for Rs 81 crore. This acquisition marks a major step in the company's expansion plans in one
Why Pattaya is the Next Big Thing for Indian Property Investors
A luxury sea-view condo in Pattaya costs as much as a mid-range apartment in Mumbai. Discover why Pattaya is quickly becoming a hot spot for Indian property investors, offering exceptional value and potential returns.
Akshaya Tritiya: Can It Spark a Surge in Real Estate Demand?
With reduced EMIs making home loans more affordable, Akshaya Tritiya could be the catalyst for a surge in real estate demand, especially in the luxury and high-end market segments.