Motilal Oswal
    NIFTY 50
Motilal Oswal

We are ready to engage with government on housing construction ban in Bengaluru, says Sobha

Updated : June 28, 2019 05:12 PM IST

Real estate player Sobha Ltd on Friday expressed willingness to engage with HD Kumaraswamy government after reports emerged that Karnataka is planning a ban on construction of new apartments in Bengaluru.

In an interview to CNBC-TV18, JC Sharma, vice-chairman and managing director, said the company may be overreacting to a given situation which needs to be addressed.

Sharma said developers in Bengaluru are ready to preserve, conserve and follow whatever is required to ensure that water availability is maximised in the city.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV