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

MahaRERA Introduces New Rule for Quality Assurance Submission by Developers
Real Estate Maharashtra

MahaRERA Introduces New Rule for Quality Assurance Submission by Developers

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced a new rule mandating that developers submit quality assurance reports to ensure transparency and accountability in the real estate sector.

August 23, 2024
Read Article
Puravankara Enters South Mumbai's Luxury Market with Breach Candy Deal
Real Estate

Puravankara Enters South Mumbai's Luxury Market with Breach Candy Deal

Bengaluru-based listed real estate developer Puravankara announced that it had secured redevelopment rights for a housing society named Miami

September 17, 2024
Read Article
Ramco Cements Boosts Grinding Capacity at Kalavatala Plant
Real Estate Mumbai

Ramco Cements Boosts Grinding Capacity at Kalavatala Plant

Ramco Cements increases cement grinding capacity by nearly 1 million tonnes per annum at its Kalavatala Plant in Andhra Pradesh.

September 22, 2024
Read Article
Indian Real Estate Developers Raise Rs 12,801 Crore via QIP in First Nine Months of 2024
Real Estate Mumbai

Indian Real Estate Developers Raise Rs 12,801 Crore via QIP in First Nine Months of 2024

Mumbai, Oct 28 2024 - Indian real estate developers raised Rs 12,801 crore through qualified institutional placements (QIPs) in the first nine months of this year, accounting for over 17% of the total QIP issuance across sectors. This surge highlights the

October 28, 2024
Read Article
Maharashtra Elections 2024: Poll Officials Check Rahul Gandhi's Bag, Congress Raises Questions
Real Estate Maharashtra

Maharashtra Elections 2024: Poll Officials Check Rahul Gandhi's Bag, Congress Raises Questions

The Congress party in Maharashtra has raised concerns over the selective security measures during the 2024 elections, particularly after poll officials checked Rahul Gandhi's bag. The party has questioned why similar checks were not conducted on Prime Min

November 16, 2024
Read Article
Sanand-Nalsarovar: A Beacon of Sustainable Real Estate Growth
Real Estate

Sanand-Nalsarovar: A Beacon of Sustainable Real Estate Growth

Explore why the Sanand-Nalsarovar corridor is becoming a prime real estate hotspot, blending eco-friendly developments with modern infrastructure.

February 11, 2025
Read Article