We have been focusing on cash flow and debt management at an operational level, says J.C. Sharma
India’s real estate sector, which has been undergoing a prolonged slowdown, hit a new crisis earlier this year due to the pandemic, leading to a temporary halt in project launches and sales. However, with demand believed to be returning slowly, larger, established developers are poised to gain the most. Home sales recovered to 29,520 units in the September quarter from 12,730 units in the June quarter, according to Anarock Property Consultants, but still far behind pre-covid sales. In an interview, J.C. Sharma, vice-chairman and managing director of Bengaluru-based Sobha Ltd, spoke about market share gains, liquidity concerns and impact of the pandemic. Edited excerpts:
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