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

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.
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.
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.
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.
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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