What is your take on the impact of GST on land prices in Tamilnadu (especially in 2nd and 3rd tier cities) going forward? Now that govt has recently slashed the guideline value, that will very likely increase the cash component of the transaction. Will that lead to more sales and eventually higher prices? In some cities, guideline value is about only 1/4th or even lesser of the market value. So the difference is obviously going to be hidden as black money. That was the norm across all cities until few years ago. But recently many developers in top cities started registering the property at the market value itself and thus the whole transaction happens as per regulation. But land registration still seem to differ from that practice. Is it that true?