Society redevelopment projects are shaping Mumbai’s housing pipeline amid growing land scarcity, according to a new assessment. A Knight Frank India report estimates that by 2030, such projects in the Mumbai Municipal Corporation of Greater Mumbai (MCGM) region will deliver 44,277 new homes with an aggregate value of Rs 1,305 billion.
Report estimate
Knight Frank India’s report highlights the role of society redevelopment in adding future residential supply within Mumbai’s civic limits. The study estimates that projects undertaken through this route in the MCGM region are slated to deliver 44,277 homes by 2030. The projected output is paired with a cumulative value of Rs 1,305 billion, underlining the significance of redevelopment-led construction in the city’s housing pipeline.
Scale of new supply
The projection points to a sizeable tranche of additions to Mumbai’s inventory, concentrated within the MCGM jurisdiction. The estimate of 44,277 new homes, alongside an indicated value of Rs 1,305 billion, frames the scale of deliveries expected from society redevelopment schemes. Together, these figures provide a quantified view of the redevelopment contribution to urban housing stock through the end of the decade.
Coverage and timeline
The scope is explicitly the MCGM region, with the timeframe extending to 2030. Within this boundary, the report attributes forthcoming residential deliveries to society redevelopment projects, offering a consolidated outlook on supply anticipated under this channel. By delineating both geographic coverage and timeline, the estimate presents a focused snapshot of pipeline activity driven by redevelopment.
Redevelopment amid land scarcity
Set against a backdrop of growing land scarcity in Mumbai, the findings position society redevelopment as a key mechanism for sustaining housing additions. The report’s quantified outlook identifies redevelopment-led schemes as central to upcoming supply in the MCGM area, with the stated volume of 44,277 homes and a value of Rs 1,305 billion underscoring their role in the city’s housing pipeline.
