Mumbai’s Redevelopment Boom Accelerates As 1,000+ Projects Launch Since 2020 And Redeveloped Homes Reach 15% Of Housing Sales
Mumbai: 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. JLL-NAREDCO report titled…
Since 2020, over 1,000 redevelopment projects have been launched in Mumbai, accounting for 13% of the city's total residential supply. The significance of redevelopment in Mumbai's housing market is evident, with its share of total housing sales reaching 15% in the first half of 2026, up from 6% over the past decade. This shift indicates that homebuyers are now actively opting for redevelopment over greenfield alternatives.
The JLL-NAREDCO report, “Redevelopment in Mumbai: The Inflection Point, from land scarcity to systematic urban renewal,” presented at NAREDCO Maharashtra's REIIS 2026 summit, underscores this transformation. Mumbai is facing a fundamental constraint - an absolute scarcity of developable land. The city's redevelopment boom has shifted from being a commercial opportunity to an urban survival imperative.
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