Approximately 15000 acres of land will be available for redevelopment in Mumbai

Q: Hi, 15000 acres of available land will increase the availability of quality new supply in the city of Mumbai.

Govinda,

29th April 2014

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Replies (1)

Hi Govinda,
It is expected that 15000 acres of available land in Mumbai will surely raise the availability of new property supply in the city of Mumbai.

Sankalp, Mumbai

30th April 2014

Comment

@sankalp,
Don't you think that this will also increase ” A” grade commercial property supply in Mumbai by 31%. Now it is 92 million sqft and expected to rise 120 million sqft over 3 yrs.

Shantanu Kumar, Mumbai

30th April 2014

@shantanu,
We have also seen the necessary fact that limited infrastructure and highly transform time will lead to a number of small-Central Business Districts in Mumbai.

Sankalp, Mumbai

30th April 2014

@sankalp,
If it happens in future, commercial space owners of Mumbai will look at higher-quality partnerships, based on long time and fairer rental deals.

Shantanu Kumar, Mumbai

30th April 2014

@shantanu,
Well, it is also notable that the BFSI & IT Industries are expected to contribute over 60% to office space incorporation in the Mumbai.

Sankalp, Mumbai

30th April 2014