Western Suburbs led the redevelopment in Mumbai, with them alone accounting for close to 70 per cent of the society deals in the metropolitan city.
According to the latest market research published by Knight Frank, Western Suburbs saw 633 out of 910 society deals in Mumbai between 2020 and the first half of 2025,
Among the other suburbs, the Central Suburbs added another 234 societies, while Central and South Mumbai together saw 43 societies opting for redevelopment.
The stark geographic divide is evident, with the Western Suburbs unlocking close to 235.6 acres of built-up area, more than 70 per cent of the total in Mumbai, as wider roads, favourable FSI norms, and relatively structured societies led to quicker deals and redevelopment.
Developers in Mumbai also moved to asset-light models over traditional land acquisition. This led to redevelopment projects skyrocketing.
Redevelopment projects attracted minimal upfront equity, opened up core city locations, and did not push too much into their balance sheet. For developers, it was a no-brainer. In fact, many of them have set up dedicated platforms for aggregating, clearing the legal hurdles, and facilitating fast approvals for redevelopment.
Moreover, many societies seeking redevelopment are also looking at brands, armed with Project Management Consultants (PMCs). Others, like cooperative housing societies, are betting to go about it alone, thanks to favourable policy and financial incentives.
Be it self-redevelopment or with reputable developers, redevelopment is no longer optional for Mumbai.
The Knight Frank report revealed, “While some dense districts in Tokyo or Hong Kong surpass Mumbai’s averages [of population density], they remain far more liveable due to coordinated land recycling, high-spec vertical development, and infrastructure investments.”
For Mumbai, redevelopment could mean moving existing tenants to safer, larger, and better-equipped units, unlocking under-utilised land in high-value zones (like Andheri)—all in a bid to adjust the population density in line with infrastructure and to bring institutional capital to urban renewal.
The shift is now backed by regulation. The latest Development Control and Promotion Regulations (DCPR) 2034, Maharashtra Housing and Area Development Authority’s cessed building framework, and incentives for additional FSI and TDR are expected to increase redevelopment projects in Mumbai.
