Indian Developers Pivot From Debt Reduction to New Project Investments

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Indian real estate developers are shifting their focus from repairing balance sheets to investing in new projects, signaling growing confidence in the housing market. While sales volumes have seen a recent dip, operating cash flow continues to remain strong across the sector. The decline in free cash flow is attributed to higher spending on land acquisition and asset purchases. Having largely completed their financial restructuring and reduced leverage, developers are now positioning themselves for the next phase of growth in the housing cycle.

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