Going through the tough phases of economic and realty slow down many realty houses has opted for different tracks to keep the liquidity flow at their balance sheet. As per the source depicted at www.propertykhazana.com leading realty group Sobha developers of Bangalore has recently made a little change in the strategy to cope with the hard economic slash. Now the Sobha group is making join ventures and also eying at the pocket size realty delivery to keep the cash flow on in the company.
Even after a long struggle and price deduction the company was unable to keep proper track at the realty sale graph. “It has managed to clear only a minimal fraction of its realty yields and many new upcoming projects were either postponed of differed looking at the deficiency of funds in the market” as stated by the financial officer of the group at www.propertykhajana.com
The leading Bangalore’s realty house is now on full moment for clearing its debts which rose around Rs 1800 crore. Source reported at www.propertykhazna.com reveals that the company is now going to make this arrangements through its sale of land amounting around Rs 200 crore and another Rs 1000 crore from the QIP. Till now the Sobha house has disbursed 64 plots out of 94 with in the Bangalore and Coimbatore sites. Later financial officer of Sobha group adds that “the company has almost halted the negotiations for any new buy; instead the company is gearing up to sell it one of the prime plots at MG road here in Bangalore”.
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