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Mumbai Housing Redevelopment: The Maharashtra government's ambitious plan to build around 3 million houses in Mumbai and the Mumbai Metropolitan Region (MMR) over the next 15–20 years has put redevelopment at the heart of the region's future housing strategy. Maharashtra Deputy Chief Minister Eknath Shinde while recently announcing this objective also highlighted plans to expand cluster redevelopment in Mumbai and MMR. (Mumbai Housing Redevelopment)
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The extent of this ambition comes at a time when redevelopment is becoming an important source of residential housing supply in Mumbai. According to a recent JLL-NAREDCO report, over 1,000 redevelopment projects have started in Mumbai since 2020, accounting for around 13% of the total residential housing supply in the city. The share of redevelopment in home sales has also increased significantly, highlighting its growing importance in Mumbai's residential market.
The role of the western suburbs in the transformation is special
The role of western suburbs is particularly important in this transformation. Borivali, Malad, Andheri and Goregaon accounted for about 36% of the redevelopment projects launched since 2020. This reflects a largely concentrated movement of redevelopment in established residential markets where land availability is becoming increasingly limited.
Effective use of urban land potential is essential
“Effective utilization of existing urban land potential is increasingly essential for housing growth in Mumbai. If redevelopment is implemented with proper planning, transparency and a focus on resettlement of residents, the quality of the existing urban structure can be improved along with creating new homes. Achieving the target of 3 million homes will require coordination between the government, developers, housing associations and local communities. Along with effective implementation and timely completion of projects will be critical to the success of this goal,” said Lashkaria Group CEO and Managing Director Arshad Lashkaria said.
This opportunity is particularly large in the SRA sector
This opportunity is particularly large in the SRA sector. According to a report by JLL-NAREDCO, there are currently 1,202 active slum rehabilitation projects in Mumbai, covering over 3.2 lakh slums on an area of about 2,156 acres. This represents a huge potential scope for redevelopment in a city like Mumbai, where the availability of open land for large-scale housing is limited.
Planning is possible at the level of larger premises
However, sanctioning projects alone will not be enough to achieve the target of 30 lakh houses. Implementation of projects, financing, regulatory approvals, rehabilitation arrangements and complementary infrastructure will be equally important factors. In particular, cluster redevelopment can enable the planning of scattered plots and old settlements at a larger neighborhood level, which is likely to create more integrated residential communities.
“Cluster redevelopment can be a game-changer for Mumbai, as it allows infrastructure, open spaces and residential development to be planned together rather than on separate plots. However, it will be important to create a framework where existing residents get long-term value from the rehabilitation and redevelopment process in time while providing the necessary clarity and certainty to developers,” said an industry expert.
Striking a balance is a big challenge
A major challenge for developers will be balancing the interests of existing residents, economically viable projects and the supply of additional housing. The success of redevelopment from the perspective of residents will depend on the quality and timeliness of rehabilitation as well as the quality of amenities and infrastructure provided with the new homes.
Construction is not the only challenge for MMR
So the target of 3 million houses is not just a construction challenge for MMR. This is a test of whether the concept of redevelopment can evolve into a process of large-scale, well-planned urban revitalization rather than being limited to isolated projects. This process is expected to create not only additional homes, but also safer buildings, improved amenities and better connected residential areas.
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