Experts say the biggest expenditure for a retailer is real estate, followed by manpower and sales and advertisement expenses.
Valuations of projects dated, says valuer. Also, angry shareholders could come together to oppose the proposed reverse merger.
Consultancy firms Jones Lang Lasalle Meghraj and Knight Frank India said there are about 7,000 such apartments to be delivered within a year in Mumbai alone, where the cost is not below Rs 4.7 crore (Rs 47 million) for a single unit.
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