South Mumbai Societies Enticed by Luxe Lunches for Redevelopment
MUMBAI: This weekend, a prestigious luxury hotel in South Mumbai will host meetings for affluent residents of a prime housing society on Altamont Road, one of the most expensive residential areas in India. Three of Mumbai’s top developers will separately present their redevelopment proposals. The competition for these prime properties is expected to be fierce, as new apartments can demand prices exceeding Rs 1.5 lakh per square foot. On Saturday, a notable developer from Goregaon has reserved a large banquet hall at the hotel. The following day, another major developer will host a lunch at an entire restaurant located on…