Going forward, it plans to take up a redevelopment project around Vashi in Navi Mumbai, besides launching a project in the Dahisar area of Mumbai in the next 2-4 quarters.
Redevelopment is necessary in Mumbai due to various reasons. Despite focus on redevelopment, the government has not been able to translate its enthusiasm into coherent and viable policy framework.
Sujay Kalele, Group CEO, Kolte-Patil Developers, expects average realisation to be Rs 5,200-Rs 5,400 per sq ft for the entire financial year.
External affairs minister SM Krishna met his Pakistani counterpart Hina Rabbani Khar on Sunday during which he strongly raised the issue of anti-India activities being carried out from the Pakistani soil, maintaining that New Delhi has given additional concrete evidence of the same.