Organised players in realty sector are not facing slowdown, says Sunteck Realty
Sunteck Realty looks to invest Rs 5,000 crore over the next 5 years. Kamal Khetan, CMD of Sunteck Realty shared his views and outlook on what is going on in the real estate sector.
Sunteck Realty is getting ready to invest Rs 5,000 crore over the next five years and is eyeing acquisitions in commercial as well as retail space.
According to Kamal Khetan, CMD of Sunteck Realty, the organised players in the sector are not facing a slowdown. "Our pre-sales have doubled in FY19 compared to FY18. For any organised player, we expect the growth to continue because of the consolidation,” he said.
The liquidity crisis is also not impacting firms with a strong balance sheet, Khetan observed.
The company will be looking at project-specific acquisitions instead of going and acquiring the entire portfolio of a company as there is enough opportunities available in the market.
“We will be focused on Mumbai Metropolitan Region. We are in the advanced stage of talks for new acquisitions. We will continue to strengthen our positions in the existing locations as well as looking at some similar good locations,” he further mentioned.
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