Maharashtra’s plan to create around 30 lakh homes across Mumbai and the Mumbai Metropolitan Region (MMR) over the next 15–20 years is placing redevelopment at the centre of the region’s future housing strategy. Deputy Chief Minister Eknath Shinde recently announced the ambitious target while outlining plans to expand cluster redevelopment across Mumbai and the wider metropolitan region.
The push comes as redevelopment is already becoming a major contributor to Mumbai’s residential supply. According to a JLL-NAREDCO report, more than 1,000 redevelopment projects have been launched in the city since 2020, accounting for nearly 13% of its residential supply. The segment has also increased its share of housing sales, highlighting the growing role of redevelopment in Mumbai’s property market.
Western suburbs are emerging as major redevelopment hotspots. Borivali, Malad, Andheri and Goregaon together account for nearly 36% of redevelopment projects launched since 2020. The concentration reflects strong redevelopment potential in established residential locations where vacant land for large new developments is increasingly scarce.
“Mumbai’s housing growth increasingly has to come from unlocking the potential of existing urban land. Redevelopment, when executed with the right planning, transparency and focus on resident rehabilitation, can create new homes while improving the quality of the existing urban fabric. The 30-lakh-home vision will require collaboration between government, developers, housing societies and communities, with execution and timely delivery being critical to its success,” says Arshad Lashkaria, CEO & Managing Director, Lashkaria Group.
Slum rehabilitation represents another substantial component of this opportunity. The JLL-NAREDCO report identifies 1,202 active slum rehabilitation projects across Mumbai, covering more than 3.2 lakh hutments spread over approximately 2,156 acres. With limited availability of vacant land, unlocking such existing urban areas could become increasingly important for meeting the region’s housing requirements.
However, delivering 30 lakh homes will depend on more than project approvals. Financing, clearances, rehabilitation arrangements, construction timelines and supporting infrastructure will all influence the pace of development. Cluster redevelopment could play a particularly important role by allowing multiple fragmented plots and ageing settlements to be planned collectively rather than independently.
“Cluster redevelopment can be a significant catalyst for Mumbai because it enables infrastructure, open spaces and residential development to be planned together rather than on a plot-by-plot basis. The key will be creating a framework that provides certainty for developers while ensuring that existing residents receive timely rehabilitation and long-term value from the redevelopment process,” says an industry expert.
For developers, maintaining financial viability while meeting rehabilitation obligations will remain critical. For residents, the outcome will be judged by the quality and timely delivery of new homes, amenities and infrastructure.
The 30-lakh-home ambition therefore represents more than a construction target. It could reshape Mumbai’s urban landscape by turning redevelopment into a broader model of neighbourhood renewal, while creating additional housing within the city’s existing built environment.
Source: Mumbai Live
