Speaking to CNBC-TV18, Venkat K Narayana, chief financial officer, Prestige Estates says the company has met almost 54 percent of its Rs 4300 crore growth estimate for FY14.
With RBI's decision, the home loans are set to get costlier, which would impact the real estate space. Prestige Estates Projects' chief financial officer Venkat Narayana spoke about the implications of the interest rate hike, and how the demand pans out for the current fiscal and going forward.
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."