Won't cut flat price after lockdown is lifted: Godrej Properties MD

In a Q&A, Mohit Malhotra says his firm used technology to boost sales during lockdown and explains how consolidation in the industry will help the company once the curbs are lifted

The Covid-19 crisis and lockdown are expected to hasten consolidation in the real estate sector and larger players are expected to gain. Godrej Properties, which is known for its joint ventures, will benefit out of the consolidation due to its strong balance sheet and sales capabilities, its managing director Mohit Malhotra tells Raghavendra Kamath in an interview.

How will Godrej Properties benefit from the consolidation that is likely to stem from the coronavirus crisis?

The consolidation is already happening. Those with balance sheet strength and sales capabilities will partner with other developers. We are already sitting on cash of Rs