The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Puneet J. Gulati - HSBC, Research Division - Analyst
: Congratulations on great things. My first is, you also talked about ownership of projects like Taj and you still have the Godrej 2 on your books. Is
there a change in strategy how you want to think about asset ownership? Or is there a plan to ultimately sell these off?
Question: Puneet J. Gulati - HSBC, Research Division - Analyst
: And should one think that you will do more of these projects as well to build a portfolio around it?
Question: Puneet J. Gulati - HSBC, Research Division - Analyst
: Understood. That's very clear. Secondly, on your business development plan. Is there a deliberate move to slow down business development given
that you have a huge pipeline already and focus more on project delivery? Or is it just waiting for the right opportunity?
Question: Puneet J. Gulati - HSBC, Research Division - Analyst
: Understood. And will it be right to assume that your focus is now on expanding the market? You talked about Hyderabad. We've also seen you
enter Nagpur and (inaudible) and Kurukshetra rather than -- and you talked about replacing the existing projects. So should one think about
expanding the market rather than gaining more share in the city?
Question: Puneet J. Gulati - HSBC, Research Division - Analyst
: Understood. That's very helpful. And lastly, if you can provide an update on the (inaudible), which you highlighted last time. Any progress there?
Question: Puneet J. Gulati - HSBC, Research Division - Analyst
: And out of the INR 155 crores which you provided, how much have you spent so far?
Question: Puneet J. Gulati - HSBC, Research Division - Analyst
: So including the case of 60 apartments?
Question: Puneet J. Gulati - HSBC, Research Division - Analyst
: And to purchase 60 apartments?
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