September 24, 2025: Mumbai is witnessing one of the most ambitious urban redevelopment drives in its history, as ageing societies and cessed buildings across the city give way to modern high-rises offering safety, comfort and improved living standards. Redevelopment now contributes nearly 30–40 % of new housing supply, with over 31,000 society projects sanctioned by the end of the last financial year.
Safety remains the foremost concern, with the Brihanmumbai Municipal Corporation (BMC) declaring numerous structures unsafe each year ahead of the monsoon. Earlier this year, the Maharashtra Housing and Area Development Authority (MHADA) deemed 96 cessed buildings in South Mumbai dangerous, requiring evacuation. Supportive policies under the Development Control and Promotion Regulations (DCPR) 2034, including higher Floor Space Index (FSI), have further incentivised redevelopment.
Market activity has surged alongside. Between January and July this year, the city recorded 88,639 property registrations – its best performance in over a decade. Developers have launched projects worth nearly Rs 18,000 crore, with large-scale redevelopments in Dharavi, Motilal Nagar and Kamathipura gathering pace. Luxury redevelopment is also on the rise in South Mumbai, Santacruz and Juhu, while Central and Eastern suburbs such as Worli, Chembur and Ghatkopar are seeing society-led initiatives.
Industry leaders emphasise that redevelopment extends beyond new towers, integrating sustainable infrastructure, green features and improved work-life balance. However, challenges remain, including society disputes, delayed approvals, rising costs and infrastructure strain. Experts stress the need for transparency, accountability and disciplined execution.
Despite hurdles, the benefits are substantial: earthquake-resistant, fire-compliant buildings, modern layouts, green spaces and enhanced amenities. Property values in redeveloped areas have risen by 40–50% revitalising neighbourhoods such as Byculla, Sewri and Kamathipura.
The success of Mumbai’s redevelopment now hinges on timely delivery of mega projects, which could set benchmarks for cluster redevelopments and boost confidence among smaller societies.
Source: Prop News Time
