Godrej Properties Limited CC-Dec23.pdf · 2024-02-06
Congrats to the entire team for very good results. So for Pirojsha, a couple of questions here that I have. If we look at the strategy that you led the team on like to actually lever u p the balance sheet just at the start of an up cycle in the real estate market, I think that is showing significant fruits for our company. Now what I wanted to understand was that if we look at the last two years, you've always been consistent in saying that our objective is to grow 20% over the medium term when we look at Godrej Properties. Now this -- I mean, if you look at the first nine months performance, there has been a stark difference between the volume -- sales volume growth and the sales realization growth, and a large part of it is because of the way prices have moved up in a lot of geographies, including the NCR. So when we talk about this 20% because pricing is something which is not in our hands. So when you talk about 20%, is it a large part to do with volume growth that we're looking at when we talk about this 20% growth over the medium term?
Sure. Sir, and the second question is that it just so happened in the last 2 years at the start of the year, we've budgeted or we've guided for some amount of sales as well as deliveries. And it just happens that we've exceeded every year substantially. Now is the team prepared for this kind of execution? Because if you look at the past, we've not executed at this scale. So are we very well prepared in terms of the execution part of it?