Some of India's biggest businessmen, including Adani and Ambani, are making an unusual bet. Instead of chasing fresh land on city outskirts, companies linked to Reliance Industries, Adani Group, JSW Group, Shapoorji Pallonji Group and Lodha Developers are now competing for ageing housing colonies, slum clusters and urban renewal projects in the heart of Mumbai. ET reported today that the country's largest business houses are increasingly treating redevelopment opportunities as prized assets as greenfield land becomes scarce and expensive.
Also Read: Corporate giants turn to urban regeneration as redevelopment race intensifies
