Brigade Enterprises posted a good set of earnings in Q3. The EBITDA was higher due to lower costs, the revenues fell but overall their sales volumes were not too bad. In an interview to CNBC-TV18, MR Jaishankar, CMD of Brigade spoke about the results and his outlook for the company.
Jaishankar said that the impact of goods and services tax (GST), Real Estate Regulatory Authority (RERA) and demonetisation are behind us.
He further said that tax exemptions, affordable housing etc. have changed the mood of the market for good.
Talking about business, he said we will launch close to Rs 1,000 crore of commercial projects in form of strata sales in Q1 of FY19.
We have 25 projects in the pipeline for FY19, he added.
On hospitality business, he said there will be finalisation on the investor for the hospitality business in FY19.
Watch accompanying video for more details.
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