Demonetisation impact is over; RERA has slowed real estate: Info Edge

Info Edge India has reported a good Q1 FY18 earnings. In an interview to CNBC-TV18, Hitesh Oberoi, MD & CEO of the company shared his reading and outlook on their Q1 numbers.

Overall the company had a reasonably good quarter. Sales revenue went up by about 12.5 percent and an operating EBITDA went up by 47 percent over the same quarter last year, he said.

Overall market was not very strong last quarter due to slight slowdown in IT and because companies moved to goods and services tax (GST), he added.

Impact of demonetisation is over but because of Real Estate Regulatory Authority (RERA), there has been a lot of confusion for the last three-four months, which has led to slowdown of new launches, said Oberoi.