Redevelopment made up 15% of Mumbai home sales in 2025 and early 2026, report says

Redeveloped homes accounted for 15% of Mumbai’s housing sales in 2025 and the first half of 2026, up from 6% in 2016-21, a JLL-NAREDCO report has found.

The report says more than 1,000 redevelopment projects have launched since 2020, forming 13% of the city’s overall residential supply. Elsewhere, it puts the number of projects launched in that period at 850, while identifying Borivali, Malad, Andheri, Vikhroli and Goregaon as accounting for about 36% of projects.

Mumbai has roughly 13,500 cessed buildings requiring replacement, the report says. It also records 1,202 active slum-rehabilitation projects covering 321,858 hutments across 2,156 acres.

For residents and buyers, redevelopment can mean newer homes in established neighbourhoods rather than moving to peripheral areas. The report attributes the shift to land scarcity, changes to development rules and transit projects including Metro Lines 4, 6 and 11. It says the consent threshold under DCPR 2034 is 51%, while more than 1,600 self-redevelopment proposals are active.

The report was released at NAREDCO Maharashtra’s real-estate infrastructure summit in Mumbai on September 3.