The real estate industry’s business cycle tends to be predictable wherein a low take-off is followed by an increase in price point and a period of higher sales. After a year, which saw crucial regulatory changes, I think the country is witnessing an initial period of an upswing.

Adani Group has signed an agreement Bahrain-based GFH Financial Group for an economic development zone in Mumbai. As per the agreement, the financial groups unit Energy City Navi Mumbai (ECNM) and Adani Group will work together in creating the master plan for the lands of Phases II and III of the project.