Real estate developer Omaxe Ltd expects net debt to fall to 8.80-8.90 billion rupees by March 31 on repayments and cash flow from operations, a top official said on Tuesday.
"For the next nine months we have a target of repayment of another 400 crores (4 billion rupees). There could be new loans also for new projects, so effectively we still see that we will be repaying net of 200-250 crore (2-2.5 billion rupees) in the next nine months, " Omaxe Vice President, Investor and Strategic Relations, Sumit Arora, said in an interview.
The company expects to sell 2.2-2.5 million square feet of space in July-Sept quarter, he said, adding the firm booked 2.62 million square feet in June quarter, he said.

Source : Aug 9, 2011 , ET