EDGY CITY EMBRACES REDEVELOPMENT GOLD RUSH

The lukewarm response to the auction of plots in the Bandra-Kurla Complex last week may have been an indicator of the slump in Mumbai’s real estate market, which has so far spiralled at a meteoric rate to become one of the costliest in the world. However, with the availability of land in the country’s financial capital almost next to nil, residents in housing societies are being promised the moon if they agree to redevelopment. In a Newsline series beginning today, Shalini Nair takes a look at the pros and cons of the trend as projects take off rapidly and bigger players jump into the fray

Express India :: EDGY CITY EMBRACES REDEVELOPMENT GOLD RUSH