Venkat Narayana, CFO, Prestige Estates, says that in this quarter the company has exceeded the sales target like earlier quarter.
In an interview to CNBC-TV18, Irfan Razack, chairman and managing director of Prestige Estates Projects says, he expects sales of Rs 2,000 crore in FY13.
Irfan Razack, chairman and managing director of Prestige Estates Projects Ltd tells CNBC-TV18 that increasing construction costs push up the price of real estate in Banglaore.
In an interview with CNBC-TV18, Irfan Razack, CMD, Prestige Estates Projects says,margins are on a upward trend and are seen above 30% in FY12.
There have been numerous talks on the demand-supply imbalance in the real estate sector, but R Vasudevan MD of Vascon Engineers denied saying, "We don't see that scenario hitting us at least; we have been busy with executing the orders for which bookings have been done."