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Mumbai builders turn attention to Ahmedabad
Updated On: 21 October, 2012 07:22 AM IST | | Varun Singh
Thanks to Mumbai's babuism and escalating real estate prices, many builders are considering Ahmedabad over Mumbai, says Confederation of Real Estate Developer's Association of India
The Confederation of Real Estate Developer’s Association of India (CREDAI), the country’s apex body for real estate, claims that Mumbai’s real estate investors will soon turn their attention to Ahmedabad.
Ahmedabad is the fastest growing city because of its quick policy decision making, CREDAI claims. While files are lost for years due to red-tapism in Mumbai, builders in Gujarat get the commencement certificate (CC) delivered to them within a month.
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