India, Oct. 21 -- UK home builder Barratt Developments Plc. (BDEV.L), in its trading update for the 15 week period from July 1 to October 13, reported Wednesday that it has started the new financial year well with good customer demand.
Based on current market conditions, the company continues to expect to grow volume towards the lower end of medium term target range this year.
The company said it is focused to reach volume growth in wholly owned home completions of 3 - 5% per annum over the medium term, land acquisition at a minimum 23% gross margin and a minimum 25% ROCE.
During the 15-week period, the company delivered 3,252 home completions, including JVs, up 14 percent from 2,852 home completions last year.
Total forward sales, incl...