Maharashtra government opens 6,021 acres of Mumbai's habitable land for development, targeting slum rehabilitation and affordable housing in unprecedented urban renewal initiative.

BMC planned 64 slum redevelopment projects across Mumbai but only 29 are progressing, with 35 projects facing legal complications or complete lack of builder interest.

The Slum Rehabilitation Authority has set an ambitious target of delivering 5.09 lakh new homes for slum dwellers by 2030, more than double the total built in the past 29 years.

India's financial capital witnesses unprecedented influx of developers from Bengaluru, Delhi NCR, and Pune, driven by sustained demand and redevelopment potential in the nation's priciest property market.

Maharashtra drafts new law ensuring timely transit rent payments for slum dwellers during SRA redevelopment through digital banking system with penalties for defaulting developers.

Mumbai's 86 stalled SRA projects receive major relief as Guardian Minister Ashish Shelar grants residents the nod to appoint new developers, while the state recovers ₹735 crore in outstanding dues.

Hyderabad-based Ramky Estates & Farms makes its Mumbai debut with a ₹500 crore slum rehabilitation project in Chembur amid growing interest from non-local developers entering the city’s thriving redevelopment market.

Kanakia Spaces entered two distinct agreements to undertake the redevelopment of large housing societies in Borivali, a prominent suburb in Mumbai.

The House of Hiranandani has signed agreements to redevelop five housing societies in Mumbai's Chembur suburb, a significant step towards urban renewal. These redevelopment projects, which encompass approximately 15 acres, offer a development potential of over 1.7 million square feet.

The government wants to develop 2 lakh homes in Mumbai and Pune within three years, transforming the housing markets. This ambitious plan seeks to eliminate Mumbai slums, increase MHADA lottery possibilities, and revive SRA projects.

As the first Times Redevelopment Awards 2024 honoured Mumbai's future leaders, the skyline shone with innovation. Though complicated, BMC Commissioner Dr. Bhushan Gagrani called redevelopment the ultimate answer to Mumbai's land problem, calling it innovation rather than repetition.

All essential permissions will be given within three months using a single-window certification system, and these projects will be completed by self-regulation procedures.