"The trend is encouraging for Mumbais real estate market, says Swapnil Anil, Executive Director and Head Advisory, Colliers India. Redevelopment initiatives are crucial to the city's ability to meet the rising demand for residential and commercial real estate while simultaneously enhancing the standard of living for locals. Land shortage is the primary obstacle to real-estate development in Mumbai. The more valuable city centre regions offer extremely limited prospects for greenfield developments"

Swapnil Anil, Executive Director and Head Advisory, Colliers India