The developer clocked ₹3,450 crore in sales for the September quarter, including ₹2,003 crore from its India business, and ₹1,450 crore from two projects in London— Grosvenor Square and Lincoln Square. Collections for the quarter stood at ₹1,912 crore. The company’s debt, which stood at ₹16,076 crore as on 31 March 2021, was reduced by 23% to ₹12,435 crore at the end of the April-June quarter. During the July-September period, Macrotech also closed a new joint development agreement in Mulund, in suburban Mumbai. During January-August 2020, MMR saw sales of ₹41,353 crore because of the adverse impact of covid.

Source: Mint October 10, 2021 08:35 UTC