Mumbai's redevelopment policy undergoes changes, offering more profits to developers and residents. Larger clusters mean bigger flats and easier negotiations.
Mumbai's real estate market shows signs of recovery with increased property registrations and new project launches. Festive occasions, discounts and lower interest rates are driving demand.
Mumbai faces a real estate crisis with Rs275 billion invested since 2005 yielding few returns, leaving many flats vacant and buyers confused amid rising costs and regulatory changes.