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Real estate will continue to be stable, said the CFO of the company that earns 70% of its revenue from real estate.
“Hospitality will do very well in the next four years,” he said. “The results from the hospitality business are only from domestic travel, international travel has yet to start.”
“The occupancy has returned,” Goyal said. “People have become more efficient in operating hospitality businesses… because this was one of the sectors that experienced the greatest difficulty during the pandemic.”
Brigade Enterprises is very positive about hospitality, and whatever construction was stopped during Covid has been started again, Goyal said.
On the company’s net debt ratio, Goyal said, “For the last two years, we have not taken a single loan in any residential project launch. We have been trying to use the project cycle cash flow to do the construction, and we have been successful in that.”
“If sales continue as they are, we may not need to take any loans for residential projects. We are very confident that our residential loans will be low,” Goyal said.
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Image and article originally from www.bqprime.com. Read the original article here.