Soham Joshi

Hi, sir. Thank you for giving me the opportunity. Actually, I just wanted to ask that given the current competitive landscape in Mumbai, have you seen an increase in land acquisition costs? Any impact on the ongoing project economies?

Okay, sir. As you said, you don't get into much of the fancy acquisitions. So, how does the management balance things between redevelopment projects, outright land acquisitions, JV opportunities? How will it be going forward?

Okay, sir. My last question would be that when you are evaluating new opportunities, new projects to take on, what kind of IRR or the margin set hold to the company?