Ganesh Housing- A Potential Play for Housing for All theme?

Ganesh Housing has 500acres of land which on rough estimate has mkt value of Rs18000cr. However, land sale is not the main stay, they are one of the largest developer in Ahmedabad and current developing around 28.7mn sq ft. See slide below. Any developer buys land opportunistically and aggregates it to form large land parcel for a large development. Some times, if one is not able to acquire the minimum required then that land is sold back. So in some quarters it might seem that it is only selling land but that’s not the real story.