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.

Maharashtra unveils its 2025 housing policy aiming to construct 35 lakh affordable homes by 2030 with ₹70,000 crore investment. The policy includes rent-to-own models, self redevelopment support, and climate-resilient construction.

Tired of builder delays and broken promises? Housing societies across Mumbai are taking charge through self-redevelopment, gaining bigger homes, financial control, and complete transparency. Here’s why your society should consider it too.

MHADA has announced plans to construct 8 lakh homes in the next five years, prioritizing affordable and rental housing for mill workers, dabbawallas, and lower-income groups. The initiative aims to boost urban redevelopment and enhance housing accessibility across Maharashtra.

More than 15 years after vacating their homes, 640 families from Patra Chawl in Goregaon West are finally set to return, following a long-drawn redevelopment marred by financial scandals and political controversies.

MHADA is set to redevelop 13,000 aging cessed buildings in South Mumbai, starting with a structural audit of 1,000 properties by March. This initiative aligns with Maharashtra’s 100-day action plan, aiming to ensure safety and improve living conditions.

Maharashtra is set to launch a transformative housing policy focusing on affordable homes, cluster redevelopment, and infrastructure upgrades. The initiative includes 100,000 new homes, 800,000 additional units, and growth hubs to boost employment and economic development.

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.

Prestige Group, along with RC Group and Valor Estate, is launching a ₹7,000 crore redevelopment in Bandra, Mumbai, transforming 19 housing societies across four acres into modern residential complexes.

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.

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.

Maharashtra's senior population is expected to reach 17% by 2036. A housing demand plan has been draughted by the state housing department. Senior housing is precisely defined and has specific planning and building guidelines under Unified Development Control and Promotion.

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.

In a recent meeting, the Maharashtra state cabinet approved a significant legal reform to accelerate the rebuilding of ageing cooperative society structures. This move allows eviction of minority residents who block majority-approved redevelopment plans.

Roha Realty and Sabari Group are partnering to revolutionise luxury living in Chembur with sustainable homes and modern facilities. This joint venture contains a 6 lakh sq-ft real estate project with a Rs 1000 crore revenue target. The project will begin in Q1 FY 24-25.