8 Indian real estate developers reduced net debt by 54% in Q1 FY25 to Rs 20,808 crore from Q4 FY19, driven by a surge in residential sales.

Top eight listed Indian real estate developers have cut their net debt by over 54% in Q1 FY25, down to approximately Rs 20,808 crore from Rs 44,817 crore in Q4 FY19. This reduction is driven by a surge in residential sales, with booking values reaching Rs 26,832 crore in Q1 FY25 and totaling Rs 90,573 crore in FY24—a 234% increase from FY19. The strong demand for branded developers has significantly contributed to this financial improvement.

October 10, 2024
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