Mumbai’s residential landscape is undergoing a significant transformation as redevelopment emerges as a major source of housing supply. According to the latest JLL-NAREDCO report, more than 1,000 redevelopment projects have been launched in the city since 2020, accounting for 13% of Mumbai’s residential supply.
The shift is also visible in housing sales. Redeveloped projects contributed 15% of total residential sales during 2025 and the first half of 2026, compared with just 6% between 2016 and 2021. The trend indicates that redevelopment is increasingly becoming a market-driven segment rather than being limited to policy-led projects.
The growing focus on redevelopment comes amid Mumbai’s limited availability of developable land and an estimated 13,500 cessed buildings requiring replacement or reconstruction. The Western Suburbs account for 22.4% of the city’s ageing building stock, while South Mumbai accounts for another 14.2%.
Infrastructure expansion is expected to further shape the next phase of redevelopment. Metro connectivity, the Coastal Road, Borivali-Thane Twin Tunnel and Goregaon-Mulund Link Road could open up additional redevelopment opportunities by improving access to emerging residential locations.
With redevelopment gaining a larger share of both supply and sales, Mumbai’s housing market is moving towards a model where renewal of existing neighbourhoods plays an increasingly central role in meeting residential demand.
Source: Outlook Money
