In an interview to CNBC-TV18, Nikhil Chaturvedi, managing director of Prozone says in terms of cash, the company is already in the black. The company, he says, is launching two residential colonies in the coming quarters.
In an interview to CNBC-TV18, Nikhil Chaturvedi, managing director of Prozone says residential demand, at the right price levels, will sustain.
David Fischel, chief executive, Capital Shopping Centres Group UK and Nikhil Chaturvedi, managing director, Prozone CSC spoke about future strategies for their partnerships on CNBC-TV18‘s special show, In Conversation with Prozone CSC.
The Cabinet on Thursday cleared the bill to increase foreign direct investment to 51% in multi-brand retail and 100% in single brand. Nikhil Chaturvedi, managing director of Provogue says, it should have a very positive impact for the entire industry and for the company.
The foreign direct investment (FDI) in the retail sector has been in the backburner for a long time now. Nikhil Chaturvedi, managing director of Provogue believes that the FDI in retail will focus on Tier 1 cities and this thought excites a lot of participation.
In an interview to CNBC-TV18, Nikhil Chaturvedi, managing director of Provogue said, the festive season might be decent. “September did worry us a lot. But if I see the first weekend of October, it does give us hope that the season might be decent.”