Challenges, potential in redeveloping Mumbai

This episode's realty debate will focus on India's most curious and expensive real estate market Mumbai. This is one real estate market where sales have slowed down considerably yet prices continue to climb. The reason is quite simple, there is no land to build homes in large numbers which will meet Mumbai's pent up demand and that's precisely why Mumbai developers have to negotiate the hard game of redeveloping of existing, old, dilapidated societies and clusters. Unfortunately the process has been extremely slow and painful so this episode's focus is on issues, challenges and the potential of Mumbai's redevelopment market.