Prestige Estates reported frustrating final quarter numbers with a 4.2 percent fall in income to Rs 680.3 crore while working benefit remained at Rs 103 crore, a 43 percent fall year-on-year. The acknowledge fell in final quarter to Rs 6,424 for every square feet from Rs 7,626 for each square feet.
Land showcase still has oversupply from various quarter, says Irfan Razack, CMD of the organization. Be that as it may, he is certain of recuperation in FY17 on back on solid stock, new dispatches and get in the lodging request. This year will see overflow of occupation creation in office market into home markets. Mid-salary lodging is relied upon to become emphatically, Razack says.
Aside from new dispatches in Chennai, Hyderabad and Bangalore, old stock from a year ago will be sold over this time, however it is liable to endorsements, he says. In next two quarters, pending endorsements are relied upon to come through. The organization has guided for 15 percent higher pre-deals in FY17.
Read more here: http://dollaradvisory.com
Land showcase still has oversupply from various quarter, says Irfan Razack, CMD of the organization. Be that as it may, he is certain of recuperation in FY17 on back on solid stock, new dispatches and get in the lodging request. This year will see overflow of occupation creation in office market into home markets. Mid-salary lodging is relied upon to become emphatically, Razack says.Aside from new dispatches in Chennai, Hyderabad and Bangalore, old stock from a year ago will be sold over this time, however it is liable to endorsements, he says. In next two quarters, pending endorsements are relied upon to come through. The organization has guided for 15 percent higher pre-deals in FY17.
Read more here: http://dollaradvisory.com
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