India, Feb. 16 -- Mumbai-based real estate developer Lodha Developers' CEO and MD, Abhishek Lodha, has said that while pockets of Mumbai are witnessing heavy redevelopment, resulting in oversupply in those pockets, overall sales performance and buyer interest continue to be driven by the strength of the Lodha brand and its ability to deliver high-quality projects on time.

"We believe that while there are pockets of oversupply in Mumbai, the demand for the kind of product that we do and the lifestyle standards that we offer is really strong," Lodha said.

"On the demand side, we see footfalls and conversions remaining steady through the course of the last few quarters and in line with what we would have expected at the start of the year. ...