More Land, Higher Prices
The March 7 judgement
of the Supreme Court, which allowed for the development of 600 acres of mill
land in and around Parel, in the heart of Mumbai, frees up huge tracts of land
for development ensuring a massive infusion of funds. The effects may rub off
on areas surrounding the mills. Considering that the phenomenal rise in prices
of property, which the Mumbai market has witnessed...
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