Realty News
Big builders reduce land banks by half as they cut inventory, debt
Land banks of many leading realty players have shrunk by as much as 50 per cent in the past three to four years, as they try to cut their mounting debts.
Real estate developers went on a land accumulation spree before 2007, as the property market was attractive. But the subsequent economic crisis weighed on their balance sheets and cash flows.
Analysts say this is not a major reason to worry about
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