Desarrolladora Homex, S.A.B. De C.V.
Desarrolladora Homex, S.A.B. de C.V. (Desarrolladora) is a vertically integrated construction contractor. The company is engaged in development, construction and sale of residential homes. Desarrolladora operates at three levels in the residential construction market, namely, affordable entry level housing, middle-income housing and upper-income housing. The company along with subsidiaries and affiliates principally operates in about 32 cities located in 21 states of Mexico. It also has joint venture and partnerships for residential development. Desarrolladora started its international operations by establishing a subsidiary Homex India Private Limited in India. The company is headquartered in Culiacan, Mexico.
Recently, the company cancelled its plans to raise fresh capital in 2010. It also made a private placement of USD 250 million in bonds that has extended its average debt maturity profile to 6.3 years from 4.5 years.