It could be a little higher in one quarter a little lower in another quarter but structurally the demand will be there for a variety of reasons. Therefore, the structural demand for housing will always remain strong. And that subsidy amount when you discount to its present value works out to roughly about Rs 2.5 lakh. We have always told investors that various options are on the table, the merger is an option, an IPO is an option. We will discuss it on the 17th meeting and then at the end of the day take a call on what should precede what.

Source: Economic Times July 14, 2017 08:48 UTC