Q1-FY27 · Irvan Razak
We don't think it will slip into FY28. We are working very hard to bring it all in this financial year. We've got three more quarters to go. Hopefully it should all fall in place.
Prestige Estates Projects · tone and specificity signals across the available quarters.
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We don't think it will slip into FY28. We are working very hard to bring it all in this financial year. We've got three more quarters to go. Hopefully it should all fall in place.
The only thing which may trip is if these products don't come to market, but once we hit the market I don't see us not selling. So the question of not being able to sell does not arise.
AI is more positive than negative. AI is another business model that is coming up and more job creation happens. However, we don't feel the impact here. We believe there is demand and people are positive and they are committing themselves even at these higher prices.
We have topped up on the price. We should not allow price. What's happened is what components go into price? It is land, construction cost, and approval cost. At the level that we reached, I think we've according to me more or less peaked out.
We are very conservative. We take the worst-case scenario and make any commitment for any land. In case we believe that it's just not possible, we just let it go. There's no ego in doing business.
I don't think anybody buys a home looking at price getting higher every month or every quarter. They look at location, they look at the product, they look at the opportunity, they look at the affordability. I wouldn't want investors to come in thinking they'll buy today, sell tomorrow, make some money. I think that would be an artificial market.