Management's strategy to monetize assets, till it recovers cost and then holding the balance inventories to maximize profitability, has resulted into matured unsold inventories in place viz. Commerz II, Oasis (Worli), and Exquisite. New launches has led to to increase in presales/collections (up ~53% in FY16 v/s FY15) while RoE/RoCE stood at 8.6%/11.4% vs~20% in FY11. Nonetheless, with economic sentiment turning positive, it placed the company well prepared for up-cycle with ready assets and accumulated benefits. New operating cycle starting with huge success of Mulund, JVLR and Borvali...