Redevelopment in Mumbai: Tackling Housing Shortages and Infrastructure Challenges

At the HOMETHON Property Expo 2024, key stakeholders discussed the urgent need for redevelopment in Mumbai's Metropolitan Region (MMR) to address housing shortages and infrastructure challenges.

Mumbai RedevelopmentHousing ShortagesInfrastructure ChallengesPublicprivate PartnershipsNaredco MaharashtraReal Estate MumbaiOct 10, 2024

Redevelopment in Mumbai: Tackling Housing Shortages and Infrastructure Challenges
Real Estate Mumbai:As old buildings and many eligible structures in the MMR await redevelopment, there is a pressing need to create adequate housing stock, for which redevelopment is a compliant solution. This can be enhanced by exploring public-private partnerships, stated Dr. Bhushan Gagrani, Commissioner of the Brihan Mumbai Municipal Corporation (BMC). He made these remarks during the panel discussion \

Frequently Asked Questions

What is the main focus of the HOMETHON Property Expo 2024 in Mumbai?

The main focus of the HOMETHON Property Expo 2024 in Mumbai is to address the critical need for redevelopment in the Mumbai Metropolitan Region (MMR) to tackle housing shortages and infrastructure challenges.

Who is Dr. Bhushan Gagrani, and what is his role in redevelopment discussions?

Dr. Bhushan Gagrani is the Commissioner of the Brihan Mumbai Municipal Corporation (BMC). He discussed the importance of redevelopment and the need for public-private partnerships to create adequate housing stock.

What infrastructure challenges does Mumbai face during redevelopment?

Mumbai faces infrastructure challenges such as difficulties with urban mobility, parking, road quality, sewage, and water supply. These issues can become problematic as per capita water demand increases.

What is the role of NAREDCO Maharashtra in the redevelopment process?

NAREDCO Maharashtra plays a crucial role in fostering collaboration and awareness in the redevelopment process. They have launched the 'Grihamony Redevelopment Stakeholders Federations (GRSF)' to raise awareness and provide necessary information to stakeholders.

What is Section 33(7A) and how is it relevant to redevelopment in Mumbai?

Section 33(7A) applies to the redevelopment of dilapidated, unsafe, authorized tenant-occupied buildings in the suburbs. It has been positively received by private societies, with competitive bidding from developers.

Related News Articles

Senior Living Housing in India to Reach $7.7 Billion by 2030
real estate news

Senior Living Housing in India to Reach $7.7 Billion by 2030

The projected market for senior living facilities is expected to grow from 1.57 million households in 2024 to 2.27 million by 2030, according to the latest report.

November 15, 2024
Read Article
Market on the Back Foot at the Start of the Week as Global and Local Cues Favor Bears
real estate news

Market on the Back Foot at the Start of the Week as Global and Local Cues Favor Bears

The Nifty started the week weakly, hitting a 5-month low in early trade. Software stocks took a significant hit, with TCS closing below the 200-DMA. Earnings-led sell-offs were seen in Honasa, while IGL and MGL lost ground due to the government's cut in l

November 18, 2024
Read Article
Mumbai: Husband of IPS Officer Arrested in ₹263 Crore TDS Fraud, Now Under EOW Investigation
Real Estate Mumbai

Mumbai: Husband of IPS Officer Arrested in ₹263 Crore TDS Fraud, Now Under EOW Investigation

Purshottam Chavan, the husband of a Maharashtra-cadre IPS officer, has been arrested by the Enforcement Directorate (ED) in a ₹263 crore TDS fraud case. He now faces an investigation by the Economic Offences Wing (EOW) for allegedly counterfeiting governm

January 6, 2025
Read Article
Exploring the Lavish Homes of Bollywood Celebrities and Cricketers in Alibaug
Real Estate Mumbai

Exploring the Lavish Homes of Bollywood Celebrities and Cricketers in Alibaug

Alibaug, a picturesque coastal town in Maharashtra, has become a hot spot for luxury real estate. Many Bollywood stars and popular cricketers have invested in sprawling villas, making it a retreat for the elite. From Virat Kohli and Anushka Sharma's Rs 32

January 16, 2025
Read Article
High Demand for Mid-Premium Homes in Indian Real Estate
Real Estate Mumbai

High Demand for Mid-Premium Homes in Indian Real Estate

The Indian real estate market is witnessing a surge in demand for mid-premium homes, particularly in key metropolitan cities like Mumbai. NRIs and HNIs are finding these properties increasingly appealing due to their value and potential for appreciation.

February 9, 2025
Read Article
Pune Leads the CREDAI-CRE Matrix Report in Real Estate Sector
Real Estate Maharashtra

Pune Leads the CREDAI-CRE Matrix Report in Real Estate Sector

Pune has emerged as a leader in the CREDAI-CRE Matrix Report, showcasing strong growth and regulatory compliance in the real estate market. The report, which highlights the performance of major cities in India, underscores Pune's commitment to transparenc

March 4, 2025
Read Article