Gaurav Pandey
Managing Director and CEO, Godrej Properties
Notable Quotes
We currently hold about INR 135,000 crores' worth of inventory. Within that, if I talk about inventory that is very recent, which is very fresh inventory, which is from the acquisitions of last three years, that itself give or take is about INR 65,000 crores.
I think the market is slowly maturing. So now you have a tendency in different micro-markets where I would say buyers are appreciating more about product quality, location. It is gradually becoming what we always believed to be more of either an end-user market or a very seasoned retail investor.
I think we have enough and more to kind of sustain the growth for the next 18-24 months.
Golf Course Road is a pure margin expansion play for us. We are not targeting a booking value play from Golf Course Road; we are looking more from a value-accretive and strong margin profile kind of play.
Our 99% of last quarter was all front-ended sales, 1% because the tag of some project is OC, which gets access PLP.
Our endeavor is to generate PAT margins close to about, in the range of 12%-15%.