India, May 20 -- Mumbai redevelopment comes with 'plenty of risks', but everybody is jumping on the bandwagon because it looks 'very attractive', with redevelopment opportunities worth nearly Rs.1.30 lakh crore expected to emerge by 2030, said Boman Irani, CMD of Rustomjee Group also known as Keystone Realtors.

"There are plenty of risks when it comes to redevelopment, and people do not know what it is all about, but everybody is getting on this gravy train only because it looks very, very attractive," he said, adding that redevelopment opportunities worth nearly Rs.1.30 lakh crore are expected to emerge by 2030.

According to Irani, redevelopment has plenty of risks, but everybody is getting on this gravy train because it looks attracti...