INSUBCONTINENT EXCLUSIVE:
Average inventory days fell from highs of 60 months in the financial year 2017 to 28 months in 2021.When demonetisation happened in 2016
there was a liquidity crunch in the financial system
companies to access funds
On top of that, lack of demand for homes added to their woes
In financial year 2021, the city recorded the highest number of registrations in the past 10 years
and collections for nine months ended December 2021
indicates robust demand that could continue going forward
Looking at the robust growth prospects of the sector, this article brings you the top 4 listed real estate players that deserves a place in
The group owns an estimated 3,400 acres of land in the country's most expensive property market
This land parcel has an estimated development potential worth Rs 1 tn.Godrej Properties, the real estate arm of the Godrej Group, is
December 2021, the company sold 6.6 m square feet of area, a drop of 1% compared to previous year
5,350 crore as of December 2021
After accounting the impact, lockdowns had on the company's inventory; Godrej Properties takes around 900 days to sell off its
inventory.On the balance sheet side, the company is deleveraging its books as it reported a net debt to equity ratio of 0.04x compared to
invested over the course of the next 12-18 months to acquire and develop new real estate projects across four key markets - Mumbai,
DLF owns 104 m square feet of land in Gurugram also known as DLF city
It has a vast experience of 75 years in developing residential as well as commercial projects.The company has developed more than 330 m
square feet of underlying area across 150 projects since inception
the company had total net debt worth Rs 3,220 crore as on December 2021
it offers end to end engineering, procurement, and construction (EPC) solutions under its contract business
integrated real estate developer in the country
What this means is that the company manufactures all the materials that goes into their projects be it furniture, concrete blocks, aluminium
been reporting good numbers every quarter
Sobha's debt to equity ratio is more than 1.07x as of December 2021
to equity ratio stands at 0.16x as of December 2021
stock screenerHere's a quick overview of these companies based on some crucial financials.Please note these parameters can be changed
according to your selection criteria.This will help you in identifying and eliminating stocks that are not meeting your requirements and
give emphasis on those stocks that are well inside the metrics.?Treading cautiously in tumultuous timesThough the Indian real estate sector
biggest drag on real estate players is high debt and with interest rates moving up, investors need to be wary of realty companies with the
tendency to pile up debt and dines with poor cash flows.Also, this is a sector where investors have to be very careful about the management
Poor accounting and lack of corporate governance has been the reason for many large realty companies performing poorly in the past.Make sure
edited by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)
