FY23Q1
- Less than 1 year supply in overall Lucknow market, the market is undersupplied
- Out of the 5 forthcoming projects, confident of launching 3 in FY23 and further adding 3 more projects to the pipeline
- Current pipeline is about 750 cr. (3-3.5 years of project pipeline) and will add to this pipeline
- Have seen price increase of 10-15% in apartments and 40-50% in row housing & plotted development projects in last 18-months
- Not averse to taking debt for construction finance + land acquisition. Have built a sizeable cash position and will be happy to use judicious amount of debt for building pipeline. Don’t intend to go beyond 1x on debt to equity
- Hope to double pre-sales from 250 cr. in FY22 to 500 cr.+ by FY25
Disclosure: Not invested (no transactions in last-30 days)
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