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

Collections from customers, cash flows, and sales realisation went south for DLF, Godrej Properties, and Oberoi Realty — 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.

Collections from sales for DLF, the country’s top realtor, halved to Rs 315 crore in Q1FY21, compared to Rs 705 crore in Q4FY20.

Operating cash flow before