Sudhin Choksey, managing director of Gruh Finance in an interview to CNBC-TV18 said, some weakening in demand has been in the last two-three months and there has been a decline in property transactions.
However, developers seem to be optimistic about demand picking up by October 2012. "We have been talking to developers and the feel which we get from them is that they are pretty confident or optimistic that demand should come back by June or latest by October 2012," he added. Choksey further informed, despite some slowdown the overall environment, the company is not witnessing any stress on its. NPLs. "At the moment our NPLs are very well under control. As on September 30 our gross NPL were around 1.1%," he said. Below is the edited transcript of ChokseyDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
