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.

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