The changing economic scenario, land crunch, and soaring real-estate prices in metro cities have resulted in flux in the sector. A feature of cities is rows of old, dilapidated structures that line up the city centers. Redevelopment is an apt solution that meets both the supply-side and demand-side. As old societies give way to redevelopment projects, investors see these as lucrative propositions. Since redevelopments address the growing supply curve, it also keeps the rise in property rates in check.
Source – Counstruction Week
