GENERAL3 Sept 2026
Redevelopment share of Mumbai housing sales rises to 15%: JLL-Naredco
Mumbai's redevelopment share of housing sales has climbed to 15%. Over 1,000 redevelopment projects have launched since 2020. Slum redevelopment covers more than 2,100 acres, and self-redevelopment proposals exceed 1,600. The city still has about 13,500 cessed buildings needing urgent replacement. The Western Suburbs hold 22.4% of this ageing stock, South Mumbai 14.2%. If you own or plan to buy property, understanding redevelopment potential matters more than ever.
Key Statutory Highlights
- Mumbai redevelopment now accounts for 15% of housing sales.
- More than 1,000 redevelopment projects have been launched since 2020, while slum redevelopment covers over 2,100 acres.
- About 13,500 cessed buildings in Mumbai need urgent replacement, with 22.4% in the Western Suburbs and 14.2% in South Mumbai.
Actionable Advice for Taxpayers / Founders:If you own a cessed or ageing building, review its redevelopment eligibility with your society and seek professional advice before agreeing to any plan.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: