Redevelopment has emerged as the primary land sourcing strategy for Mumbai's developers, generating significant interest and investment. However, the market faces challenges due to limited land availability and regulatory hurdles.
MumbaiRedevelopmentReal EstateLand AvailabilityRegulatory ChallengesReal Estate NewsMar 18, 2025
The redevelopment market in Mumbai is estimated to be worth around Rs 3 lakh crore.
The main challenges include limited land availability, complex regulatory requirements, and a lengthy approval process.
The MCGM has introduced the Slum Rehabilitation Authority (SRA) scheme and the Flexible Development Control (FDC) regulations to simplify the process and provide more flexibility.
Companies like Godrej Properties, Tata Housing, and DLF are actively involved in the redevelopment market, bringing their expertise and financial strength to the table.
The government can further support the market by streamlining regulations, providing more incentives, and ensuring a more efficient approval process.
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