Q: What is the launch pipeline for the rest of the financial year, particularly for Borivali and Goregaon? A: We have two towers in Goregaon, one in Borivali, and two in Thane ready for launch. While there is strong demand, we are not committing to specific launch dates yet, but we are prepared to launch when the time is right. - Vikas Oberoi, Executive Chairman and Managing Director

Q: Are there plans to expand outside the Mumbai Metropolitan Region (MMR), particularly with the new funds? A: We are aggressively looking at opportunities outside MMR, including NCR. We are in the design and approval stages for a project in Gurgaon, which we aim to launch in the first or second quarter of the next financial year. - Vikas Oberoi, Executive Chairman and Managing Director

Q: What is the status of the Sky City Mall in Borivali, and when is it expected to open? A: Leasing is progressing well, and we aim to open the mall by mid-December or January. We expect to reach 80-90% occupancy within two to three quarters of opening. - Vikas Oberoi, Executive Chairman and Managing Director

Q: How is the pricing trend for your projects in MMR, and what is the outlook for land prices? A: Both project and land prices are stable. We have strategically priced our Thane launch, which has been well-received. The market has depth and width, and we expect this trend to continue. - Vikas Oberoi, Executive Chairman and Managing Director

Q: Can you discuss the revenue recognition for Three Sixty West, given the sales and collections reported? A: Revenue recognition depends on meeting certain criteria, which may not have been fulfilled due to timing, such as the Shradh period. However, we expect to recognize this revenue in the next quarter. - Saumil Daru, Chief Financial Officer

Q: What is the strategy for the Nirmal Lifestyle land acquisition, and are there additional opportunities there? A: We are planning an interesting development for the Nirmal Lifestyle land, leveraging our experience in the market. We also have a commercial development planned within the existing projects. - Vikas Oberoi, Executive Chairman and Managing Director

Q: How do you decide on the timing of new project launches, given the strong demand? A: We have inventory in Borivali and Goregaon and are monitoring resale prices. We are ready to launch but are waiting for the right moment to maximize pricing and demand. - Vikas Oberoi, Executive Chairman and Managing Director

For the complete transcript of the earnings call, please refer to the full earnings call transcript.