Strong sales performance continues: Although launches were subdued for the
quarter with only a small villa launch in Coimbatore, sales momentum continued
at the company’s previously launched projects, thereby, ending the quarter at
0.83m sq.ft, representing 25% YoY growth and a marginal sequential decline.
Sales from the Gurgaon project witnessed a strong sequential increase of 24%.
Realizations too remained firm at Rs5,737, an increase of 26% & 7% on a YoY
and QoQ basis, respectively, resulting in total sales of Rs4.79bn. The company’s
sales guidance for FY13 stands at Rs20bn as against sales of Rs17bn clocked in