There is an interview of Mr. Khushru Jijina- Head of Piramal Fund Management, which I think is quite informative. Mr. Jijina talks about the state of real estate market in India, high real estate costs, problems faced by developers and the importance of choosing the right counterparty amongst many other things.
What he says carries a lot of weight for 2 reasons : (1) It makes a lot of sense ; and (2) He manages close to 21,000 crs of assets, most of which is invested in Indian real estate through different financial products. He has put his money where his mouth is.
Please find the interview at this link : Interview
The second interview on the above link.
Disclaimer : This post is only for the purpose of sharing with no investment recommendations.