From what I have been observing about the urban markets in Gujarat and Mrashtra – Gnagar, Ahmedabad, Pune and Mumbai, it seems that investments in RE have slowed down considerably.While the target segment of Gruh is completely different, there is bound to be a trickle down effect and it would be interesting to see how the loan book grows in the coming quarters.
This is the best time for Gruh to expand (hopefully proactively, not olnly through referrals) and as the MOSL report says, UP is the place to be. Though they have a grand total of 1 branch in UP as of yet.
Disclosure: Invested, hoping for further consolidation before adding more.
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