Moody's underlying concern is that debt levels are rising against a backdrop of falling revenues, potentially making it more difficult for RLGs to fulfill their repayment obligations.
Sobha Developers has revealed its sales figures for Q1 and the company has posted a very good performance with a 26% increase in land sales year-on-year (YoY), with the figure standing at 840,000 sq ft. The value of revenues made in Q1 is up 58% YoY at Rs 480 crore.