Orbit Corporation expects the current financial year 2014-15 to be better year than FY14, as its four projects have started after a gap of almost two years. The company’s three projects in South Mumbai and one in suburbs have been restarted.
The company has a debt of around Rs 50-60 crore and is likely to pare it by monetizing projects from fourth quarter onwards.
Orbit Corporation is a leading Mumbai real estate developer focused on luxury real estate development in South Mumbai.