Apr 21 2009
DLF’s Garden City in Old Mahabalipuram Road near Chennai
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At DLF’s Garden City-branded project on Old Mahabalipuram Road near Chennai, around 560 customers want to exit from the project.
While DLF Ltd, the country’s largest listed developer, maintains its cash flow will not be impacted by a mass exit of buyers from its projects in Chennai and Gurgaon, analysts have started to factor in a contraction of cash flows in the years ahead.
DLF says the exit of buyers from its projects will not impact cash flows—defined as net profit plus depreciation, or a measure of money retained in a business—because the company plans to give refunds to exiting buyers after it gets a new buyer for the apartment that has cancelled bookings. Read Full Article
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