07.04.2022 (CNBC awaaz interview)
- Witnessing very strong demand across markets
- Market can easily absorb 10-15% increase in overall sales value, however 15% increase might not be enough given even land prices are increasing significantly
- Company is planning to increase prices by 10-15% in FY23. Company will increase prices by 5-7% over the next 45 days with the remaining being passed over next. However, this price increase is mostly to cover increase in costs (and not for increase in ROCE)
- Increased prices by 6-8% in FY22 (in tranches). There was no demand destruction because of this
- Gurgaon sector 93 launch: Kid centric housing (1200 flats) with total sale value of 1200-1300 cr.
- Targeting 1100 cr. presales in FY23 (2x of FY21)
Disclosure: Invested (position size here, no transactions in last-30 days)