In an interview to CNBC-TV18, Ashok Tyagi, Group CFO, DLF gave a ground check on how real estate demand is shaping up.
To an extent, there was a degree of pause in the sales in last four-five months on real estate regulatory authority (RERA) and goods and services tax (GST) account, both of those triggers are now behind us, he said.
We should not expect any fireworks in sales this quarter but the base for the curved reversal should happen in this quarter which should result in a sales uptick from January 2018 onwards, he added.
The seeds of an uptick should be laid in this quarter which should lead to a better sales in the next calendar year, said Tyagi.
We are sitting on a ready inventory in excess of Rs 15,000 crore, he further mentioned.For full interview, watch accompanying video...