According to Vipul Bansal, the realty market is not as depressed as what people are talking. There are plenty of genuine end-use buyers in Mumbai because of the limited supply who continue buying and that reflects in numbers doing Rs 200-400 crore of sales every quarter.
Real estate major DB Realty reported a loss of Rs 33.40 crore at the EBIDTA level. However, Vipul Bansal, CEO DB Realty said that the company expected sales of Rs 2000-3000 crore for FY14
Vipul Bansal, group CEO, DB Realty, talking to CNBC-TV18, says the company, which has an inventory above Rs 30,000 crore, plans to launch three key projects in the next 3-4 months.