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: Abhishek Bhandari - Macquarie Research - Analyst
: Congrats on good sales. Pirojsha, if I heard you correctly in one of the media interviews which you gave earlier today, happen to flip the coin, you
said that in fourth quarter you expect to cross the business run rate of INR 2,400 crores. So could you give us some kind of indication, and that is
also contingent on some of the project approvals which you said then and even today in the prepared comments, given that you're almost half
past the quarter. Are you confident of all the approvals coming and buying on these 12 projects? That's one.
And secondly, Pirojsha, even without this $1 billion kind of eventual fund what we want to raise, despite that, you think with the current momentum
on sales and launches, we can possibly touch INR 10,000 crores under key sales maybe in a year's time from now?
Question: Abhishek Bhandari - Macquarie Research - Analyst
: Got it. Pirojsha, the second question is on your Vikhroli portfolio. If I heard correctly, Manish said that some INR 1,200 crores, INR 1,300 crores is
used from Godrej 2, so are you planning to sell your stake in Godrej 2 through your funds management? And secondly, is there any update on the
CapEx of the hotel where you signed the agreement with Taj Group?
Question: Abhishek Bhandari - Macquarie Research - Analyst
: Sure. And Pirojsha one last question, with your permission, on our resi portfolio. So do you think this premium cut by the Mumbai government
gives us some room to possibly become both competitive in some of these markets, micro markets in Mumbai especially and maybe in Pune and
achieve our double-digit ambition on market share side. Do you think it's possible?
Question: Abhishek Bhandari - Macquarie Research - Analyst
: Okay. And Pirojsha, are we running any promotional schemes in any of the residential projects in terms of 20/80 or some of the other schemes
which our peers are running still in Mumbai? That is my last question.
Question: Pritesh Sheth - Edelweiss Securities Ltd., Research Division - Analyst
: Sir, my question was on the quality of sales, which we saw in this quarter, especially from the launches side, I just wanted to understand what were
the collections from these launches? Where they restricted to like 10% of collection, which you normally do or we got a little higher than that?
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FEBRUARY 04, 2021 / 11:30AM, GODR.NS - Q3 2021 Godrej Properties Ltd Earnings Call
Question: Pritesh Sheth - Edelweiss Securities Ltd., Research Division - Analyst
: Okay. And overall, have we seen any major cancellations to the projects we have sold in the first half of the year or most of those got registered?
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