Redevelopment Share of Mumbai Housing Sales Rises to 15% as Over 1,000 Projects Launched Since 2020: JLL-Naredco

In Mumbai, redevelopment projects have gained a 15% share in housing sales between 2025 and the first half of 2026, rising from 6% during 2016-2021, as per The Business Standard news report.  

This change marks a shift in the city's housing market dynamics. 

Redevelopment Projects in Mumbai 

Since 2020, over 1,000 redevelopment projects have been launched in Mumbai, making up 13% of the city's residential supply as per JLL-Naredco report.  

The city faces a scarcity of developable land, making redevelopment a crucial part of its housing strategy. 

Redevelopment has expanded beyond single-plot reconstructions to systemic transformations. The Western Suburbs and South Mumbai have a significant number of ageing cessed buildings, requiring urgent replacement. 

Capital Values and Key Areas 

Capital values in redevelopment corridors have increased. Worli's values range from ₹1-1.15 lakh per square foot, showing 25-28% growth over 3 years. Bandra-Khar's values are ₹90,000-95,000 per square foot, with 25-30% growth. 

The Kandivali-Borivali belt has seen 20-25% appreciation, with values at ₹32,000-37,000 per square foot. Borivali, Malad, Andheri, Vikhroli, and Goregaon account for 36% of projects launched since 2020. 

Slum Redevelopment and Policy Changes 

Slum redevelopment has expanded with 1,202 active projects covering 2,156 acres. This is nearly 4 times the total acreage completed since the Slum Rehabilitation Authority's formation in 1995. 

Major projects include the 101-acre Juhu Lane-Gilbert Hill cluster and the 420-acre Goregaon scheme at Motilal Nagar. A November 2025 policy reform reduced consent requirements for large slum clusters. 

Read More: Tata Power Share Price in Focus; Commissions 100 MW Solar Project in Tamil Nadu! 

Self-Redevelopment and Infrastructure Support 

Self-redevelopment has reached an institutional scale with over 1,600 active proposals. Infrastructure projects like Metro Lines 4, 6, and 11, the Coastal Road, and the Borivali-Thane Twin Tunnel are expected to support redevelopment efforts. 

Conclusion 

Redevelopment's share in Mumbai housing sales increased to 15% between 2025 and H1 2026. Over 1,000 projects launched since 2020, with slum redevelopment spanning 2,156 acres. Capital values in key areas have risen by 20-30%. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Looking to invest? Open a Demat Account with Angel One and start trading seamlessly.