Loss making spree by Realty Companies on Browser

Accommodation Times Bureau
By Dr Sanjay Chaturvedi

Realty firm Ansal Properties and Infrastructure (Ansal API) has reduced its net debt by nearly Rs 2.52 billion during the last fiscal on improved cash flow.

The company’s net debt stood at Rs 12.09 billion as on Mar 31, 2012, against Rs 14.61 billion at the end previous fiscal, Ansal API said in an investors` presentation.

Ansal achieved a sales booking of 22.70 million sq ft of area worth Rs 27.03 billion in 2011-12. In the previous year, it had sold 22.43 million sq ft for Rs 23.92 billion.

The sales realization improved to Rs 1,191 per sq ft in 2011-12 from Rs 1,067 a sq ft in the previous fiscal.

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