Mahindra Lifespace Developers · tone and specificity signals across the available quarters.
Language signals
We want to maintain the momentum but we want to sign the right deals and I want to make sure that the deals align with our strategic aspiration and they meet our financial guard rail. So anywhere I expect anywhere from 10,000 to 20,000 to happen in this year.
The counter to that is those developers who have great trust, great brand, they will gain share from other developers who may or may not have... they will find it difficult financially and they operate with if they can't make 25% return on their capital they will not participate in this market.
We over cost and underprice... we have taken additional contingencies on top of what we had already assumed roughly just under 1% because we'll not give all the contracts today we'll do it in the next few years.
We have gotten quite close to that from our portfolio. How can we get the right GDV that gives us the right mix of geographic spread, right mix of great locations where projects are quite successful. Fortunately, we have got a large number of deals coming our way.
We see some slowdown and more in some of the specific segments of specific markets but we are trending the path very carefully so that we are able to manage our financial goals and growth goals in a balanced way.
Inventory overhang has gone up from roughly 13 months to now 15 months. So there's slight slowdown that we have seen compared to last year but a real slowdown in the industry when this number crosses 30 or 36 months.