Brick by brick: how redevelopment is reshaping Mumbai
Mumbai's residential landscape has transformed significantly since 2019 mainly due to limited land availability for new developments, lack of amenities and aging buildings necessitating renovation and reconstruction. Redevelopment projects are reshaping neighborhoods, addressing demands for modern, sustainable housing. This evolution marks a new era in urban living for India's financial capital.
Shift towards Cluster Development & Emphasis on Sustainability
Mumbai's redevelopment has shifted to cluster development, focusing on revamping entire localities with a holistic approach. This strategy enables better planning and integrated communities, as seen in ambitious projects like Bhendi Bazaar and Dharavi. Simultaneously, there's a strong emphasis on sustainability, incorporating green building techniques, energy-efficient systems, and eco-friendly features like rainwater harvesting and solar panels, and setting new urban living standards.
Note: Mumbai includes Mumbai city, Mumbai suburbs, Thane city and Navi Mumbai
Source: JLL Research
Figure 3: Share of redevelopment in overall sales
Conclusion
Mumbai's residential redevelopment has evolved, focusing on sustainability, community living, and technology. Streamlined processes enable holistic urban renewal, shaping the skyline and improving life quality. Future innovations aim to balance heritage with modern urban demands.