India, May 16 -- The Mumbai real estate market's recovery in the post-pandemic era has led to a significant rise in redevelopment projects across the city. While local developers continue to dominate the landscape, a new trend is emerging-an increasing number of builders from outside Mumbai are entering the market, drawn by the city's lucrative redevelopment potential.

One such entrant is Hyderabad-based Ramky Estates & Farms, which has made its debut in the Mumbai market by acquiring development rights for a 1.5-acre slum rehabilitation project in Chembur.

This marks the company's first venture in Mumbai and signifies its expansion into India's financial capital. The company is developing close to 5 lakh sq ft on 1.5 acres of land with...