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
: Sir, I have 2 questions. First is on Slide #40. Could you help us with the rental rates for these 2 malls? And when do you expect the rentals to
commence at both Thrissur and Bangalore?
Question: Abhishek Bhandari - Macquarie Research - Analyst
: And the St. Mark's property?
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JUNE 29, 2020 / 10:30AM, SOBH.NS - Q4 2020 Sobha Ltd Earnings Call Hosted by ICICI Securities Ltd
Question: Abhishek Bhandari - Macquarie Research - Analyst
: Okay. My related question on this slide is, for the remaining 3 malls, what would be your commitment on CapEx side? And what will be the schedule
for that in the next 1 or 2 years?
Question: Abhishek Bhandari - Macquarie Research - Analyst
: Yes. Right, sir. Sir, my second question is on your residential business. It might be early, but there are certain experts who came to say that with
work from home, the demand for bigger houses would increase. And if the prices remain lower or they might fall, the affordability might increase.
So in that case, are you changing your launch programs in favor of larger houses where you have a definite edge over some of your competitors
in Bangalore? Or do you think it is too premature to call out that trend?
Question: Abhishek Bhandari - Macquarie Research - Analyst
: Sure, sir. Sir, my last question is more on your NRI sales. So again, there are 2 schools of thought. One says that with the oil remaining low, the
Middle East economies are going poor, and there will be a lot of reverse migration of Indians back into India, which could impact the repatriation
of money. So that could impact the housing demand in markets like Kerala. On the other hand, people who are coming back, might be coming
with money saved and might want to buy a house. So do you think the push and pull on these 2 parameters would be positive for you in markets
like Kerala going into next 12 to 18 months? It may not be out in the next one quarter but maybe over 12 to 18 months time period.
Question: Abhishek Bhandari - Macquarie Research - Analyst
: Sure. And sir, one last housekeeping question. What is your debt repayment for this year? And what kind of undrawn limits do you have from the
banks? And on the related lines, do you have any plans to raise equity or incremental debt for the short-term liquidity measures, while towards the
later half, your sales will pick up as per expectations, but for next 2 quarters, would you want to shore up your liquidity?
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