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Abhishek Lodha On Macrotech Developers’ Financials
Macrotech MD Abhishek Lodha is confident that the company will not only meet bond payments but also pare debt substantially.
31 Dec 2019, 12:13 PM IST
As India’s developers struggle to raise cash, even the real estate company owned by the nation’s richest property tycoon couldn’t escape the crunch.Like its peers, troubles for Macrotech Developers Ltd., the builder of upmarket apartment towers, stem from the setbacks that the sector faced in the last few years. Prime Minister Narendra Modi’s cash ban three years ago followed by a stricter housing law (RERA) slowed sales, leaving dev...
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