Redevelopment projects are a huge opportunity in Mumbai real estate market: Hiranandani Group - CNBC TV18
cnbctv18.com
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Time required for completion of a redevelopment project is high due to delays in receipt of permissions from society residents, building approvals, environmental clearances, etc. It takes about two years for negotiation with the society's existing residents and is the major roadblock in a redevelopment project.
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