We see real estate industry picking up nine months down the line: R Vasudevan, Vascon Engineers

A turnaround quarter for you this time on the bottom line. Can you take us through the key highlights what really aided this momentum and is there here to stay?
Yes, if you see our last quarter and this quarter results, both are on the positive side, we have turned around though slowly although Regulations we of have as we had explained to you last time we have reduced our order book size of its execution, all those orders which were strain on the performance, were all finished and now we are Trend-Community on fresh order books and we are hoping to grow further now as we go forward based of course on all the other economic criteria affecting the country now.

I just want to talk about the real estate space, especially like you just flagged off the other developments in the country, how is demand panning out and what was the demonetisation impact and also what kind of guidance can we expect in terms of the real estate sector from you?
The demonetisation has had its affect now, it is too early now for any really movement on– I think it is there across all the industries and much more on the real estate because of the sentiments.Going forward we see at least six months, nine months down the line, we see it picking up because of the other affects likely to happen in terms of interest rate falling down wholesale jerseys and the middle-level income people getting all the benefits which are likely to happen, real estate sector should turn around pretty fast in six to nine months is what is my opinion on that.

And what kind of is your current order book in the EPC business and what kind of an order book are you planning to build up going forward?
Our current order book is about Rs 600 crores which we have in hand and going forward we are looking at good amount of jobs in the housing sector and in the government sector, and we are hoping Not that we move pretty fast and bigger orders now.

What is your outlook for the clean room partition manufacturing and HVAC business because you have inaugurated a third manufacturing plant in Thane, what are your ambitions on that front?
One the clean room partitions we have two wings; one of course is based on the production of clean room partitions which are primarily used in the pharmaceutical and the hospital industries. This also we have increased the bandwidth since we took over this business and we have added fire doors and other doors of the specialised items in this Decent and that is why we felt the need of having a third plant. This particular business is doing a decent growth and the other part which is the EPC front part of it, is also having its own EPC pains which we had gone through, which is getting corrected this year and going forward, we see that business also picking up. So on the wholesale jerseys manufacturing front, we are doing pretty well and this cheap jerseys business totally should give us.

You have JVs for a substantial portion of your land bank, can you tell us about that as well?
On the land bank, yes we have about 30 million square feet of a potential land bank to be exploited. This will entirely depend on pan how real estate moves, most of the locations which we a good parcels of land and since some of them are very ideally suited for mid-level and lower level housing so we are hopeful on that but since this sector itself is going through a sluggish market at this point of time, we hope that six wholesale NBA jerseys months, nine months down the line when all these interest effects come into effect we should be able to move forward on exploitation of that land bank as well.