Commercial devlopers eye land along Thane-Belapur industrial corridor

By | September 27, 2016

Around 200 acres of land worth over Rs1,600 crore are up for sale in Mumbai’s Thane-Belapur industrial corridor as many of the landowners in the region, including private companies and developers, plan to monetize them to take advantage of the growing demand for commercial and industrial real estate, according to property advisors, builders and government officials.

Some of the top commercial developers such as RMZ Corp, Ascendas-Singbridge and Embassy Group have already set their sights on entering the region and are currently scouting to buy land to start information technology (IT) and industrial parks in the region.

Source: Livemint