By focusing on cities with fast income generation, Sobha Developers aims for double digit growth in volumes in FY13.
J C Sharma, MD, Sobha Developers believes that the forthcoming Budget will decide how the demand situation will pan out going forward.
In an exclusive interview to CNBC-TV18, the managing director of Sobha Developers, JC Sharma, says that they hope to bring down the debt on their books to Rs 1,100 crore in this quarter.
In an interview to CNBC-TV18, JC Sharma, managing director, Sobha Developers said, "We remain confident and as we have communicated that this Rs 1,500 crore guidance should be achieved comfortably in this financial year. Going forward, we hope to do better."
In an exclusive interview with CNBC-TV18, JC Sharma, the managing director of Sobha Developers talks about his company's first quarter performance. He also elaborates on their future plans.
In an interview with CNBC-TV18, JC Sharma, MD, Sobha Developers said real estate industry is interest sensitive. He believes that this continuous hike by RBI is impacting the growth of the industry. He maintains company’s guidance to launch 11 million square feet in FY12.
Ashish Puravankara, Director, Puravankara Projects said the company is very excited and positive about its Coimbatore project. The company has already obtained sanction for it and plans to launch the project towards the end of this month.