Mumbai’s 50% Affordability Stress Triggers Massive Cluster Redevelopment Push
Housing affordability in Mumbai has reached a tipping point, with the city’s affordability index touching nearly 50% — indicating that an average household now spends close to half its income on home loan EMIs. Against the backdrop of shrinking land availability and ageing building stock, the Maharashtra Housing and Area Development Authority (MHADA) has unveiled […]
800–1,000 Acres To Be Opened For Redevelopment, Says MHADA CEO
With nearly 90% of Mumbai’s developable land already consumed and affordability under strain, the Maharashtra Housing and Area Development Authority (MHADA) is pivoting toward large-scale cluster redevelopment to address deep-rooted housing challenges. Speaking at the ET Realty Real Estate Conclave 2026 held at Taj Santacruz, Mumbai, MHADA Vice-President and CEO Sanjeev Jaiswal (IAS) said the […]