Competition Commission approves Blackstone's ₹1,167 cr acquisition of 40% stake in Kolte-Patil Developers. Deal includes mandatory open offer, making Blackstone joint promoter with board control rights. Character count: 248 characters

Mumbai’s real estate market is witnessing a redevelopment surge in prime areas like Bandra and Colaba, driven by rising demand and government incentives. Experts warn of risks amid intense developer competition and price volatility.