Sobha Limited CC-Dec23.pdf · 2024-02-08
Yes, thanks for the opportunity and for many congra tulations to your team for showing consistent growth in pre-sales and also debt reduct ion. My first question is on your pricing. So if I look at the average realization and over the last two years that has moved up from INR8,000 average to almost INR11,500, INR12,000. Can you give some color on what you mentioned about this premiumization of project, so that is one. And the other is the like-to-like growth th at you would have taken the pricing growth you've taken in projects. So could you kind of bifurcate broadly what would have been the like- to-like growth annually and the premiumization impact?
Sir, my second question is on business development. We've been talking about adding more projects. My question is are you comfortable with the valuations being offered. You mentioned that you want to expand to NCR, Pune, Hyderabad especially markets like Gurgaon, Hyderabad. Any thoughts on if you're going for outright or JDA, what has been the landowner expectations? We keep on hearing about land prices going up. So any thoughts on valuation? And do you think on these prices, you'll be able to make healthy IRRs?