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Last Updated : Feb 06, 2017 02:34 PM IST | Source: CNBC-TV18

Expect good jump in home sales post April: Brigade

Brigade Enterprises expects the infrastructure status awarded to affordable housing in Budget to pump up sales in the April-June quarter.

Brigade Enterprises expects the infrastructure status awarded to affordable housing in Budget to pump up sales in the April-June quarter.

Speaking to CNBC-TV18, CMD Jaishankar said demonetisation hit sales. The reduction in tax benefit limit to Rs 200,000 in interest in the Budget is a big dampener for the sector, he added.

The company posted weak earnings for Q3 with revenue decreasing 13 percent year-on-year to Rs 561 crore. Profit was also down by a simllar percentage on-year to Rs 30.4 crore.

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First Published on Feb 6, 2017 11:36 am
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