Dharavi is set for a massive transformation with ₹95,790 crore earmarked for redevelopment, including 50,000 housing units, a green spine, central park, artisan hubs, and enhanced connectivity to BKC, Sion, and Mahim.

MMRDA has invited construction bids for 5,623 homes under Phase 1 of its first-ever independent slum redevelopment project at Ramabai Nagar, Ghatkopar. Project includes towers, civic amenities & a freeway link.

Mumbai’s real estate market is witnessing a redevelopment surge in prime areas like Bandra and Colaba, driven by rising demand and government incentives. Experts warn of risks amid intense developer competition and price volatility.

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.

The $3 billion Dharavi redevelopment project, led by the Adani Group, kicks off with Phase 1 construction on a 6.4-acre railway land parcel, aiming to transform Asia's largest slum into a modern urban hub.

The Nargis Dutt Nagar slum in Bandra will be redeveloped under Maharashtra's SRA, replacing shacks with three- and four-bedroom sea-facing flats, transforming the 2-acre Bandra Reclamation land into a modern residential hub.

A recent study highlights a gradual reduction in slum-covered land in Mumbai’s peninsular region, dropping by 8.6% over 17 years. From 47.7 sq km in 2005, the slum area declined to 43.6 sq km in 2022, revealing a dynamic transformation in one of India’s most densely populated cities.

The state cabinet accepted the transfer of 140 acres of Malwani and Aksa property from the suburban collector for the ambitious Dharavi Redevelopment Project. Land will be utilised for rental homes for slum inhabitants ineligible for free housing under the project.

IAS officials, including Dharavi Redevelopment Project (DRP) CEO SVR Srinivas, Cidco president Vijay Singhal, and BMC associate municipal commissioner Abhijit Bangar, discussed city initiatives during the Maharashtra Infrastructure Conclave.

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.

Gautam Adani, chairman of the Adani Group, said the Dharavi rehabilitation project is more than urban regeneration; it will change the lives of nearly one million people in one of the world's greatest slums. Adani said at Mumbai's Jai Hind College that the project would restore Dharavi's dignity.

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.

The long-anticipated Dharavi Redevelopment Project, covering nearly 600 acres in Mumbai’s core, is expected to commence construction within the next 6-8 months, according to SVR Srinivas, CEO of the Dharavi Redevelopment Project (DRP) and the Slum Rehabilitation Authority of Maharashtra.

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.

The government reduced Mumbai's saltpan and mangrove slum redevelopment building area from 80% to 65%. BMC manages the remaining 35% for open space amenities. This comes seven months after the original construction ban in eco-sensitive zones.