15,000 acres to become available for redevelopment in Mumbai: Report.

About 15,000 acres of land will be available for redevelopment in Mumbai, increasing the potential availability of quality new supply in the city, according to global realty consultancy Jones Lang Lasalle's latest research report 'Offices 2020 - Mapping The Future Of The Mumbai Office Market.'

It further adds that grade A office supply in Mumbai will increase by 31 per cent over three years to 120 million sq. ft by 2017 from current levels of 92 million sq. ft.

'The BFSI & IT Industries will continue to drive absorption and are expected to contribute over 60 per cent to office space absorption in the city,' the report noted.

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