It's a struggle to balance cost vs selling price: Prestige Estates MD

Prestige Estates Projects saw its sales bookings jump twofold to a record Rs 4,267.6 crore in the third quarter of financial year 2021-22 (Q3FY22). It also clocked the highest-ever collections of Rs 2,431.6 crore in Q3, up 70 per cent year-on-year. Irfan Razack, chairman and managing director of the company, in an interview with Raghavendra Kamath, talks of how the

third wave of the Covid-19 pandemic will impact sales. Edited excerpts:

What reasons do you attribute for the good sales bookings in Q3?

This huge uptick is because of the new launches – The Prestige City, Bengaluru; Prestige Beverley Hills, Hyderabad;