Q2FY18 impacted by RERA & GST; should be able to maintain Q1FY18 sales momentum: Sobha

In an interview to CNBC-TV18, JC Sharma, Vice Chairman and MD, Sobha gave an update as to how business is panning out in Q2 so far and to share with us what real estate demand is looking like and how prices are panning out.

Sharma told CNBC-TV18 that company’s second quarter (July-September) performance is impacted by real estate regulatory authority (RERA) and goods and services tax (GST) but it should be able to maintain Q1FY18 sales momentum.

FY18 is tougher year than last year, the real estate firm said but it expects good performance from the company in FY18.

Margins will be maintained and could also move higher, it said.

Sobha has registered 34 projects in Bengaluru and has registered close to 48 projects excluding Bengaluru.

For full interview, watch accompanying video...