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2 clusters · 4 sources · 10 days · First seen · Last updated

Mumbai urban redevelopment initiatives

Overview

The Maharashtra government has set a long-term goal to construct approximately 30 lakh (3 million) homes across Mumbai and the Mumbai Metropolitan Region over the next 15 to 20 years. This strategy relies heavily on government-backed schemes and the expansion of the cluster redevelopment model to various regional areas.

Redevelopment has become a significant driver of the residential market, with over 1,000 projects launched since 2020. The Slum Rehabilitation Authority (SRA) remains a central component of this urban strategy, managing over 1,200 active projects.

As part of these broader efforts, construction has commenced for the Dharavi redevelopment project at a site in Matunga. Managed by Adani Navbharat Developers Private Limited, this specific phase involves the development of 10 towers containing 10,432 homes and 1,379 commercial units. The project, which utilizes international design and engineering expertise, is expected to be completed in phases by August 2030.

Entities

Pranav Adani · Eknath Shinde · Pranav Constructions Limited · Mumbai Metropolitan Region · JLL-NAREDCO

Timeline

  1. [BUSINESS] 2 sources
    Dharavi redevelopment begins with 10,432 homes planned at Matunga site

    Adani Enterprises has begun construction at the Matunga site to build 10,432 homes and 1,379 commercial units as part of the Dharavi redevelopment project in Mumbai.

  2. [BUSINESS] 2 sources
    Mumbai aims to add 30 lakh homes through redevelopment

    Maharashtra aims to add 30 lakh homes to the Mumbai Metropolitan Region over 20 years, primarily through expanded cluster redevelopment and slum rehabilitation projects.

Sources

desitalkchicago.com · theblunttimes.in · thenews21.com · torbitconsulting.com