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Bengaluru best performing market; Kochi, Gurugram too doing well: Sobha

Updated : November 25, 2020 12:05 PM IST

Bengaluru-based real estate developer Sobha Developers said it is seeing a broad-based improvement in real estate demand.

The company believes the current trend will continue for next few quarters.

“There have been far lesser launches in this pandemic than at any given point of time,” JC Sharma, VC & MD, Sobha Developers told CNBC-TV18.

“So we are not worried from the supply side, but customers and the system is worried about the projects which are ongoing and whether they will be able to complete it or not because the liquidity concerns still remain for most of the developers,” he said.

According to him, Bengaluru is the best performing real estate market in the country right now and Kochi and Gurugram markets too are doing well. “Prices haven't increased, but discounts have come down,” he added.

For entire interview, watch video
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