In Mumbai’s real estate market, the redevelopment of old housing society buildings has gained significant momentum in recent years. This surge follows the Maharashtra government’s post-Covid-19 waivers for developers, aimed at revitalising the sector.
Data from real estate consultancy firm Knight Frank India indicates that redevelopment projects account for approximately 10% to 20% of the city’s monthly average of 10,000 property registrations.
Source: Hindustan Times
