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Collections, cash flows of top-3 realtors hit in Q1 as buyers stay away

Construction grinds to a halt in April and May; realtors, analysts expect improvement in coming quarters

Topics
Realty sector | DLF Realty | Godrej Properties

Raghavendra Kamath  |  Mumbai 



construction, realty, real estate, concrete, cement, buildings, high rise
Analysts said a sequential comparison of business metrics makes more sense as Q1 was hit by covid.

Collections from customers, cash flows, and sales realisation went south for DLF, Godrej Properties, and — the top three developers — in the June quarter (Q1FY21), with construction activity coming to a halt in April and May. However, both developers as well as analysts are hopeful that these business metrics will pick up once activity resumes. They have acknowledged, though, that the current financial year will be tough, with prospective buyers staying away.

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First Published: Thu, August 06 2020. 18:52 IST

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