<h1>Developer subsidiary secures 1.43-acre society redevelopment rights enabling 0.7 million sq ft and Rs 2,700 crore GDV</h1> A real estate developer's wholly owned subsidiary has acquired redevelopment rights for a 1.43-acre residential society in Malabar Hill, Mumbai, enabling about 0.7 million sq ft of redevelopment with an estimated gross development value of roughly Rs 2,700 crores; the plan provides replacement homes for existing residents and a substantial portion of units for sale. The developer says this addition increases its Mumbai redevelopment portfolio to about 4.25 million sq ft with a potential GDV of Rs 10,500 crores, following recent selections for other large redevelopment projects in the city.