Mumbai builders make a beeline to acquire and launch new projects in NCR

Shapoorji, Kalpataru, Godrej pursuing Rs 600 bn opportunity in the region

With leading property developers in the National Capital Region, like  Unitech and Parsvnath, battling financial or legal woes, many builders from Mumbai are heading north, sensing an opportunity to capture part of one of the most sought-after realty markets. These builders plan to launch new projects either on their own or through acquisitions and joint ventures (JVs).
 
Opportunities for development as well as a fall in land prices following a prolonged slowdown in the sector have become a big draw for well-funded developers from Mumbai, such as Shapoorji Pallonji, Kalpataru and Dosti Realty, which have followed the likes of