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.

Recent redevelopment projects in Mumbai prioritize community amenities and green spaces, especially in suburban areas like Bandra and Andheri and it modernizes older societies hence improving living spaces for residents. Simultaneously, the approval process has been streamlined through online systems and RERA (Real Estate Regulatory Authority) implementation, increasing transparency and efficiency. These changes have enhanced project quality, accelerated timelines, and boosted investor confidence in redevelopment initiatives.

Mumbai's redevelopment sector has seen a rise in public-private partnerships, with MHADA (Maharashtra Housing and Area Development Authority) collaborating with private developers to revamp old buildings. This approach balances social responsibility with urban development needs. Simultaneously, the sector has adopted advanced technologies like prefabricated components and BIM, enhancing efficiency, construction speed, and overall quality of redeveloped structures, modernizing the city's urban renewal process.

Note: Mumbai includes Mumbai city, Mumbai suburbs, Thane city and Navi Mumbai
Source: JLL Research

Residential redevelopment in Mumbai addresses core area housing demand with modern options. Despite pandemic challenges causing slowdowns, the sector rebounded strongly in 2022-2023. 2024 saw record-breaking launches and sales, demonstrating the sector's resilience and crucial role in meeting urban housing needs while revitalizing city centers.

Mumbai's redevelopment hotspots cater to growing demand for modern urban living across diverse areas:

South Mumbai: Dadar and Prabhadevi, prized for central location and infrastructure

South Central: Chembur and Matunga, known for planned layouts and business proximity

North: Bandra, Khar and Santacruz, offering upscale living and connectivity

Eastern Suburbs: Vikhroli and Ghatkopar, with improving infrastructure and commercial growth

Western Suburbs: Borivali and Goregaon, blending suburban charm with urban amenities

These varied locations reflect Mumbai's evolving landscape and increasing demand for modern housing in established neighborhoods, highlighting the widespread nature of redevelopment trends.

Figure 2: Share of redevelopment in overall new launches

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.