Mumbai project to launch in October: Ajmera RealtyPublished on Wed, Jun 17, 2009 at 16:02 | Source : CNBC-TV18 Updated at Wed, Jun 17, 2009 at 17:06
Here is a verbatim transcript of Rajnikant Ajmera on CNBC-TV18. Also watch the accompanying video. Q: If I have the number correct, you have about 40 million square feet of land. Two in Mumbai, two in A: We have 40 lakh square feet of floor space index (FSI) for our In For Q: Can you tell us given this kind of your game plan of rolling out projects, what kind of revenues you are expecting in FY10 and how would it compare to your FY09 revenues? A: Since we work on the project-completion method, it will depend on sales for revenue. The project launches in September 2009 and we expect total sales to be around Rs 100-200 crore in FY09-10. Q: On these projects especially in the Mumbai. what do you plan to open the booking at and my question is specifically related to the super built-up area, not to carpet area? What kind of amount will you open your booking at and how much are you going to charge per floor, just to get an indication of where the rates are moving if anything at all right now? A:
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