Business Standard

We have sold 50% of Mumbai inventory: Puravankara CEO Abhishek Kapoor

We are looking at launching about 16 million sq ft in the market and in the first phase, we will typically launch about six million

From launch to completion, generally, any project will see an appreciation of between 50 to 60% from the launch price
Premium

Abhishek Kapoor, executive director (ED) and chief executive officer (CEO), Puravankara

Raghavendra Kamath
Bengaluru-based property developer Puravankara is looking to roll out new projects in Bengaluru, Mumbai and other cities. Abhishek Kapoor, executive director (ED) and chief executive officer (CEO), discusses the impact of rising interest rates and slowdown in the IT sector on the property market, in an interview with Raghavendra Kamath.

What kind of growth are you expecting in sales booking value in FY23?

We are looking at launching about 16 million sq. ft (of residential property) in the market. And in the first phase, we will typically launch about six million sq. ft. Normally, we generally sell between 40 and

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

First Published: Sep 28 2022 | 11:19 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