Browsing: Redevelopment policies

Headlines Slum and Luxury, slum redevelopment in Mumbai, Luxury apartments on slum land, Changing face of slums, Housing for slum dwellers, India real estate news, Indian property market news, Track2Media Research, Track2Realty

Redevelopment & luxury housing symbiotic

When one develops a slum, for instance, and even if 20 per cent of land is given for commercial use as incentive in the bargain, it is a deal for the developer. After all, in the space starved city like Mumbai even a small chunk of land in any of the prime location is a rare commodity. The question is if such a business dynamics is a feasible model, why did the developers shied away from making the best of it so far.