We have sold 50% of Mumbai inventory: Puravankara CEO Abhishek Kapoor

We are looking at launching about 16 million sq ft in the market and in the first phase, we will typically launch about six million

Bengaluru-based property developer Puravankara is looking to roll out new projects in Bengaluru, Mumbai and other cities. Abhishek Kapoor, executive director (ED) and chief executive officer (CEO), discusses the impact of rising interest rates and slowdown in the IT sector on the property market, in an interview with Raghavendra Kamath.

What kind of growth are you expecting in sales booking value in FY23?

We are looking at launching about 16 million sq. ft (of residential property) in the market. And in the first phase, we will typically launch about six million sq. ft. Normally, we generally sell between 40 and