Bengaluru-based real estate developer Brigade Enterprises recently elevated Pavitra Shankar, executive director of the company, and daughter of chairman M R Jaishankar, as the company’s managing director (MD), and Nirupa Shankar as joint MD as part of the succession plan. In conversation with Raghavendra Kamath, Pavitra talks about the company’s plans and her outlook for the sector. Edited excerpts:
Do you expect headwinds in home sales in 2023 as rates rise?
We closely monitor home loan interest rates. We did not see rates impact demand negatively, even when they were beyond 9 per cent before the pandemic. This is due