According to the report, more than 1,000 redevelopment projects have been launched since 2020, comprising 13% of Mumbai's overall residential supply. More importantly, redevelopment’s share of total housing sales surged to 15% in 2025-H1 2026, up from 6% recorded over 2016-2021, confirming that homebuyers are now actively choosing redevelopment over greenfield alternatives.
“Mumbai faces a fundamental constraint that no regulatory framework can resolve: an absolute scarcity of developable land. Redevelopment has transitioned from a commercial opportunity into an urban survival imperative. The market has graduated from fragmented, single-plot reconstructions to a systemic transformation, with 850 projects launched since 2020 comprising 15% of market share, 2,156 acres in the slum pipeline representing four times all activity over the previous 30 years, and sales now outpacing launches for the first time. This is not a real estate cycle; it is the operationalization of urban survival strategy. With virtually no vacant land left and 13,500 cessed buildings requiring urgent replacement, the question is not whether redevelopment will dominate Mumbai’s supply, but how quickly we can safely execute this essential transformation,” said Karan Singh Sodi, Senior Managing Director - Mumbai MMR & Gujarat and Alternatives, India, JLL.
Kamlesh Thakur, President, NAREDCO Maharashtra, said: “The findings of our joint report with JLL underscore a watershed moment for Mumbai’s real estate landscape. Redevelopment has evolved from a policy initiative into the primary engine of the city’s housing supply, evidenced by sales now outpacing launches and securing a 15% market share. This structural shift marked by active slum rehabilitation acreage reaching nearly four times the total achieved in the prior 30 years—demonstrates how progressive policy interventions like DCPR 2034, reduced consent thresholds, and cluster-focused reforms are streamlining execution and restoring market momentum.”
“As we navigate the urgent need to replace thousands of aging cessed structures and unlock land potential, NAREDCO Maharashtra remains committed to driving transparent, sustainable urban renewal. Supported by transformative transit infrastructure like new metro lines and connectivity tunnels, we will continue collaborating with government bodies, institutional partners, and resident societies to accelerate project execution and build a resilient, modern infrastructure for Mumbai,” he added.
