Real estate witnessing oversupply in Delhi, Mumbai: Saurabh Mukherjea, Execution Noble

Saurabh Mukherjea, Head of Indian Equities, Execution Noble, in a chat with ET Now talks about real estate.

What is your view on real estate?

We do not have stock specific coverage there but in terms of our perceptions of where the real estate sector is, we see oversupply in the 2 main cities, Delhi and Mumbai. Hence, we have got some concerns about how this sector will hold up over the rest of FY11 given that real estate prices are not really going anywhere in Delhi or Mumbai.