Slum Redevelopment Drives Real Estate Market In Mumbai

With not much undeveloped land left in Mumbai for fresh developments, the city’s real estate growth will largely be propelled by the success of its many slum redevelopment schemes, according to a recent study.

1 minute read

November 6, 2010, 1:00 PM PDT

By George Haugh


52% of the upcoming realty projects in Mumbai, spread over 8,600 acres, are slum redevelopment schemes, brokerage Anand Rathi Research said in a 4 October report. Another 18% will be factory and mill land projects, 4% will be redevelopment of old buildings, and 3%, urban slum renewal schemes. These figures are indicative of the tendency toward brownfield development in one the worlds largest cities.

It is hoped the schemes will rehabilitate families living in almost 300,000 hutments this year, and also open up substantial space for residential and commercial development.

According to the Anand Rathi report, Mumbai, India's densest city with 27,000 people per sq. km, would need an additional 324 million sq. ft of residential developments by 2021. But of the 468 sq. km in Mumbai, only 90 sq. km is actual developable land and the rest are non-revenue generating areas such as forest land, according to a survey by Pankaj Kapoor, chief executive of Mumbai-based real estate research firm Liases Foras and architect Hafeez Contractor.

"A huge amount of space can be freed through slum redevelopment but that needs to be incentivised by giving developers more construction rights," said Kapoor.

Thursday, October 7, 2010 in LiveMint.com

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

July 16, 2025 - Diana Ionescu

Green vintage Chicago streetcar from the 1940s parked at the Illinois Railroad Museum in 1988.

Chicago’s Ghost Rails

Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.

July 13, 2025 - WTTV

Blue and silver Amtrak train with vibrant green and yellow foliage in background.

Amtrak Cutting Jobs, Funding to High-Speed Rail

The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.

July 14, 2025 - Smart Cities Dive

Worker in yellow safety vest and hard hat looks up at servers in data center.

Ohio Forces Data Centers to Prepay for Power

Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.

July 18 - Inside Climate News

Former MARTA CEO Collie Greenwood standing in front of MARTA HQ with blurred MARTA sign visible in background.

MARTA CEO Steps Down Amid Citizenship Concerns

MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.

July 18 - WABE

Rendering of proposed protected bikeway in Santa Clara, California.

Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant

A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.

July 17 - San José Spotlight