Why this real estate company expects property prices to rise further

M Murali, Chairman and Managing Director of Bengaluru-based Shriram Properties anticipates that property prices will continue to rise in tandem with the increasing cost of construction.

However, Murali does not see any impact on the demand. He believes the demand in the second half will be much stronger than the first half of the current financial year.

The realty company is targeting 25% compound annual growth rate (CAGR) in revenues over the next two years. "There is a clear visibility of a lineup of projects today in the markets where we operate already, hence there is a clear visibility of growth of a minimum of 25% CAGR," he said.