Dhwanil Desai

So, my first question is that for the cities where we do not have land bank like NCR, Pune, Hyderabad considering where we are in cycle, do you think that if you acquire land at current prices our threshold of 35% gross margin can be achieved or will that become a hindrance i n terms of acquiring land bank?

Will it meet your 35% gross margin threshold that you are kind of working with?

And second so just to understand the project economics for wherever you launch a project on your own land without JV JD, is it safe to assume that most of the land which is coming from your earlier land bank at historical cost. In the P &L, that cost will be less than Rs. 1,000 and your cost of construction would be around Rs. 4,500, is that the right number to work with?