10 Considerations for Homeowners in Housing Societies Planning Building Redevelopment

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

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