This has been a concern of Vishal’s for some time now, but I think its very micro-market dependent. In my view this is largely true in Western Suburbs, Parel-Dadar stretch, Navi Mumbai and to a ceetain extent Thane. And a lot of the oversupply comes from non-branded builders.
The strength of the demand is still very strong and will likely remain strong. Sunteck’s micro-markets are slightly off beat and should do ok I think.
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