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Mumbai-based realty cos prosper without being over-leveraged

Posted on 05 August 2011

At a time when India’s top real estate companies are exploring options to reduce their debt burden, a number of Mumbai-based companies, including Oberoi Realty, Hiranandani and Peninsula Land, have very low, or zero, debt on their books.
Consider this: The top three real estate companies — DLF, Unitech and HDIL — had over Rs 36,550-crore gross debt on March 31. DLF, which plans to raise Rs 6,000-7,000 crore by selling its non-core assets in two-three years, accounts for more than half, or Rs 23,990 crore, of this……………………………………….Full Article: Source


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