Key takeaways of the call

Area booked increased by 27% to 2.80 lakh sft (lsft) compared to sequential previous quarter ended March 2018 booking of 2.21 lsft and whopping 85% increase over 1.51 lsft booked in corresponding quarter of previous year.

Area constructed in Q1FY19 was lower at 1.63 lsft, a fall of 13% from 1.87 lsft in Q4FY18 and 2.40 lsft in Q1FY18. Construction has been generally as per the committed timelines of the company.

In Chennai and Gurgaon market the company have active project and is in negotiation for land for future project in both Chennai and Gurgaon markets. The company has enough land bank at Bhiwadi and Jaipur. The company will launch a project in Pune in next fiscal on the land parcel it have.

Vrindha Garden traction in booking is due to opening of launch of new phase of the project. Nirmay which launched in Q4FY18 and that momentum continued in Q1FY19 as well. Subham Chennai – it was a launch of new phase over there. Ashaina Umang -

Issued Non Convertible debentures of Rs 100 crore to ICICI Prudential Regular Savings Plan (Mutual Fund) in the month of April, 2018

Kolkata land bank of the company is part of larger town ship Bengal Shriram Hitech City. Expect to launch it by early next fiscal.

Pricing proposition of senior living is higher than comfort homes and kids centric will be higher than senior living.

Launch pipeline include two of the projects in Jamshedpur in H2FY19 as well as new phases of existing projects such as Umang.

Umang next phase of launch will be 2.56 lakh sft spread over 192 units.