Redevelopment Of Societies In Mumbai: Challenges & Opportunities
Mahindra Lifespaces recently entered society redevelopment business and has bagged two projects in Mumbai with a revenue potential of Rs 500 crore. Why are big league developers betting on redevelopment? How lucrative is this segment in terms of prices and what kind of housing stock will be created in Mumbai, as the number of developers gunning for redevelopment rises? Top industry players and experts - Arvind Subramanian, Managing Director & CEO at Mahindra Lifespace Developers, Boman Rustom Irani, Chairman & Managing Director, Rustomjee Group and President, CREDAI- MCHI and Rajiv Mishra, Principal at Sir JJ college of Architecture share their insights.
