Business Standard

We have a strong launch pipeline: Godrej Properties MD Mohit Malhotra

Mohit Malhotra, managing director of the company, tells Business Standard how the company is going ahead with its plans

Mohit Malhotra
Premium

Mohit Malhotra, Managing Director Godrej Properties.

Raghavendra Kamath
Sitting on a cash of Rs 3,000 crore on its books, Godrej Properties is looking to buy land parcels in its key markets and launch projects. Mohit Malhotra, managing director of the company, tells Raghavendra Kamath how the company is going ahead with its plans. Edited excerpts:

What correction have you seen in land prices, compared to 2015?

In certain geographies under extreme distress, it has been strong. For example, in the National Capital Region, we have seen 40-50 per cent correction. In Mumbai, 10-20 per cent. It is very subjective in other markets —depends on the debt the land

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 17 2020 | 9:10 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com