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Redevelopment projects involved single buildings or small housing societies. Since this required taking up many projects to achieve economies of scale, big players were not interested. But a lack of land, rising property prices, and the success of smaller builders has prompted big developers to look at the segment seriously.

 
 
The finance minister will participate in a 'Google+ Hangout', answering questions about the Budget and the state of the economy to the masses at 8 pm tonight.
Finance Minister P. Chidambaram has ignored most of the IT sector's direct tax requests in his budget for 2013/14.
Tax experts say Chidambaram has failed to take any major steps to improve India's tax regime in keeping with global best practices.