Tata Realty, the real estate division of Tata Sons, also plans to renovate residential buildings in South Mumbai
subjects
Real estate | Real estate | Infrastructure
Leading real estate developers such as Oberoi Realty, Tata Realty and Infrastructure and Hiranandani have turned to renovating existing buildings in expensive parts of Mumbai to increase revenue. Experts estimate that the renovation projects in Mumbai could be worth 30,000 billion rupees. As such, they’re not new.
What is new is that the big developers are interested in them. At the head of the race is Oberoi Realty, which has put together its own team for these projects. Recently it took over a slum redevelopment project next to its property in Borivali and is looking for …
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First published: Mon, August 9th, 2021. 06:07 am IST
