Hindustan Time-Here’s why Bengaluru real estate developers are launching projects in Mumbai
A few days ago, Boman Irani, CMD of Mumbai-based Rustomjee Group, also known as Keystone Realtors, had stated that he does not lose sleep over new real estate developers from other cities wanting to enter the redevelopment space in the financial capital. He rather looks at it as an advantage because “they bring with them a healthy competitive spirit.”
“I don't lose sleep over this as many developers are wanting to enter this space. The size of the redevelopment market of old buildings in Mumbai is so huge that there is no dearth of opportunities. New players will add value to redevelopment space in Mumbai.” he had recently said at an investors’ call.
