Hindustan Times-Mumbai housing redevelopment: A Rs 3 lakh crore opportunity hobbled by small land parcels, long gestation periods
Redevelopment has become the primary land sourcing strategy for Mumbai's developers and generated considerable hype, but market observers say that actual deals on the ground have not matched expectations, with only a few involving significantly large land parcels.
Small land parcels can decrease the free sale component available to developers, affecting their margins in a flattening real estate cycle.
