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Builder cartel jacks up prices in Mumbai
Half a dozen developers control 70 per cent of Transferable Development Rights in the city. A cartelisation of Mumbai’s real estate, one of the costliest in the world, in the matter of transferable development rights (TDR) has put upward pressure on prices and has also caused concern in policy circles. In a recent development, just six-odd builders and developers hold 70 per cent of the 2.5-3