Realtors may defer launches to next quarter to cash in on festive season

Given the uncertainty in pick up of demand and logistical challenges during lockdown, property developers are being cautious about the timing of launches in the near term, said Gopalkrishnan

Property developers are deferring launches of residential projects slated for the current quarter to the next three-month period ending September, as they seek to cash in on festive season sales?
 

However, affordable housing projects slated for the first quarter (Q1) of 2020-21 (FY21) may get launched this quarter itself.

Venkatesh Gopalkrishnan, chief executive officer (CEO) at Shapoorji Pallonji Real Estate (SPRE), said developers are cautious about the timing of launches in the near term, given the relative uncertainty in demand pick-up and logistical challenges during the lockdown.
 

"In all probability, the launches will be initiated in the second quarter after the