Real Estate News
Mumbai Redevelopment Boom Continues Into 2026
Mumbai’s real estate rehabilitation market gained 16% in 2025 over the previous year, owing to an increase in redevelopment deals around the city. According to Knight Frank India, a total of 229 development agreements (DAs) for the renovation of ancient structures were signed in 2025, up from 196 the previous year.
The enthusiasm carried over into 2026, with roughly 30%, or 70, of the total redevelopment agreements for 2025 inked in the first 74 days of the year, up to March 15, according to the data.
Total of 1,094 DAs signed in the last 6 years
According to Knight Frank India data, 1,094 DAs have been signed during the last six years, from January 2020 to March 15, 2026. The signature of these 1,094 redevelopment accords has made 432 acres of land available for redevelopment.
Western suburbs have the biggest amount of redevelopment transactions.
The western suburbs of Mumbai’s real estate market have signed the most redevelopment agreements during the last six years. According to the data, 773 of the 1,094 DAs signed were in the western suburbs, unlocking 321.2 acres of land, followed by 261 in the central suburbs, unlocking 85.9 acres of land, 38 in Central Mumbai, unlocking 38 acres of land, and 22 in South Mumbai, unlocking 8.3 acres of land.
Borivali leads with 20% of the total redevelopment deals
Out of the total 1,094 DAs signed, Borivali in Mumbai’s western suburbs had the most (217), unlocking 90.4 acres of land, followed by Andheri (115), unlocking 74.8 acres.
Bandra had the third-highest number of 74 DAs signed, unlocking 24.4 acres of land, followed by Malad with 67 DAs signed, unlocking 26.6 acres of land, and Ghatkopar with the fifth-highest number of 59 DAs signed, unlocking 14.1 acres of land for redevelopment.
Old building redevelopment to add 59,000 units
According to the data, the signing of about 1,100 DAs has resulted in the creation of 59,000 housing units, with over 45,000 to be developed in the western suburbs, over 11,800 in the central suburbs, over 1,600 in Central Mumbai, and 731 in South Mumbai.
Knight Frank India did a unit generation analysis using the Floor Space Index (FSI) for sale areas; rehab and amenity spaces were excluded. The data show that the unit generation estimate is primarily dependent on supply and does not account for launch velocity, funding, or phasing constraints.
According to the research, the redevelopment projects will create 1.5 lakh housing units and produce ₹9,115 crore in stamp duty revenue for the state government.
FSI norms for redevelopment
According to Knight Frank India, most societal redevelopment projects are now being carried out under the Development Control Regulation (DCR) 33(9), 33(11), and 33(20b). These laws set the maximum Floor Space Index (FSI) for redevelopment. The available FSI is determined by the width of the road adjoining the housing society.
Real Estate News
MHADA Flags 82 Mumbai Buildings as ‘Most Dangerous’; Residents Told to Vacate
Before the monsoon, the Maharashtra Housing and Area Development Authority (MHADA)’s Mumbai Building Repairs and Reconstruction Board (MBRRB) issued a list of 82 residential buildings in South and Central Mumbai that have been designated as the city’s most dangerous structures and must be evacuated immediately.
After completing the pre-monsoon survey report, the MHADA ordered inhabitants to evacuate these structures.
According to MHADA, the list of 82 buildings includes 43 buildings that were designated severely unsafe last year. The BMC is yet to release its list of dilapidated properties in the city this year.
In 2025, the MHADA issued a list of 96 severely risky structures. Separately, the Brihanmumbai Municipal Corporation (BMC) identified 134 more old structures across the city for 2025 and has given urgent eviction warnings to tenants.
In 2024, MHADA produced a similar list of 20 severely unsafe buildings, while BMC issued a list of 188 decaying structures throughout the city.
What is the MHADA’s pre-monsoon audit?
Every year, prior to the monsoon, the MHADA conducts a structural examination to identify structures that pose a safety risk. Based on the findings, MHADA sends evacuation notifications to residents of structures deemed ‘hazardous’.
To help affected residents, MHADA provides transit tenements in different sites. However, many occupants refuse to relocate owing to location preferences, neighborhood ties, and other social issues. Redevelopment of such decrepit structures has long been an issue in Mumbai’s real estate sector, with numerous building collapses reported during the monsoon season.
Where are the 82 most dangerous buildings located?
According to the MHADA, the 82 most unsafe buildings are located in Girgaum, Kalbadevi, Kamathipura, Khetwadi, Mazgaon, Dadar, and Prabhadevi, among others. There are 2,736 renters in these 82 high-risk properties.
“These severely unsafe cessed structures house a total of 2,736 tenants/residents, with 2,256 being residential and 480 being non-residential. The Board has served notices to 176 residential residents, requiring them to remove their properties. According to the announcement, 29 residential tenants/residents have been transferred to MHADA transit camps, while 36 have made alternate arrangements for their lodging.
According to MHADA, the Board is making the required measures to accommodate 2,102 tenants/residents in transit camps. “As required, notices to vacate will be issued to residents/tenants of these highly dangerous buildings and further arrangements for their relocation to transit camps will be made accordingly,” the MHADA stated in its statement.
In its statement, MHADA urged renters and inhabitants of highly unsafe buildings to comply with officials and personnel in fleeing the premises when needed, as well as to follow any directions issued for their personal and their family members’ safety, in order to avoid loss of life and property.
Real Estate News
MHADA Lottery 2026 Draws 78,000+ Applications for 2,640 Homes
The Maharashtra Housing and Development Authority (MHADA) lottery 2026 has received over 78,000 applications in nearly two months since it announced the housing draw for 2,640 affordable homes in Mumbai’s real estate market.
According to MHADA data, the housing authority received 78,976 applications for 2,640 flats through May 18, 2026. Furthermore, the state housing administration has received 55,244 Earnest Money Deposits (EMDs) from applicants looking to buy an apartment.
Last date to apply for MHADA lottery 2026 has been extended.
According to the updated schedule released by the Mumbai Board, interested applicants can submit online applications until 11:59 p.m. on May 28, 2026, and pay the earnest money deposit online until 11:59 p.m. on May 29, 2026. Applicants may also pay the earnest money deposit via RTGS/NEFT till the working hours of the relevant bank on May 29, 2026.
The provisional list of lottery applications submitted will thereafter be published on the website https://housing.mhada.gov.in at 3:00 p.m. on June 10, 2026. Online claims and objections can be submitted until 3:00 p.m. on June 12, 2026. The final list of accepted applications will be posted on the MHADA website at 3:00 p.m. on June 16, 2026. The date, location, and time of the computerized draw for the sale of tenements will be announced on the website shortly.
Apart from extending the deadline for applications twice, the MHADA has also decreased the price of nearly half of the flats. The MHADA has lowered the sale cost of 1,221 tenements in Mumbai’s Vikhroli neighborhood by 7.5%, including 610 apartments whose category reservation was changed last week from MIG to HIG.
MHADA Lottery 2026 Apartment Prices
The MHADA lottery 2026 has listed 2,640 affordable homes for sale in Mumbai. According to data from the MHADA website, 1,762 flats, or approximately 66%, are now under construction.
MHADA apartments for sale are now under construction in Vikhroli, Goregaon, and Borivali. According to the list, of the 1,762 flats under construction, 128 are in Borivali East, 85 in Goregaon West, and the rest in Kanamwar Nagar and Vikhroli.
Several apartments in the lottery cost between ₹2 crore and ₹4 crore. The list shows that the most inexpensive flats are above 300 sq ft in Mankhurd and Goregaon, priced at around ₹29 lakh and ₹32 lakh, respectively.
The MHADA Lottery 2026 features apartments in numerous Mumbai neighborhoods, including Vikhroli, Goregaon, Borivali, Gorai, Chembur, Bandra, Ghatkopar, Wadala, Powai, and Dadar, among others.
MHADA’s most expensive apartment is in the Tardeo region of South Mumbai, priced at ₹6.82 crore for the High Income Group (HIG). The most inexpensive property for sale by MHADA is in Mankhurd, priced at about ₹29 lakh for the Economically Weaker Section.
Real Estate News
Tanya Dubash Buys Worli Sea-Facing Homes for ₹294 Crore
Tanya Dubash, daughter of Adi Godrej, and her company, Shaula Real Estates Private Limited, purchased two luxury sea-facing apartments in Mumbai’s Worli for over ₹294 crore at ₹2.53 lakh per sq ft, making it one of the country’s most expensive residential transactions, according to property registration documents accessed by Zapkey. Dubash had previously purchased a luxurious duplex unit in the same building in May 2025 for around ₹226 crore.
Last year, USV chairperson Leena Gandhi Tewari purchased two duplex apartments for ₹639 crore, making it the most expensive acquisition in the country.
One flat was purchased for around ₹146 crore and the second for around ₹148 crore. According to records obtained by Zapkey, the two flats are located on the upper floor of the Naman Xana building on Worli Sea Face.
Tanya Dubash purchased an apartment with two apartments totaling 11,620 square feet and two balcony terraces totaling 1,290 square feet.
According to the paperwork, the first apartment has 5,810 square feet of RERA carpet and a 645 square foot balcony, while the second unit has the same size. Both transactions were registered on May 12, 2026, with a stamp duty of ₹16.17 crore and registration cost of ₹60,000, according to the records. Documents revealed that the two apartments were purchased with a total of eight parking places, four for each flat.
Zapkey.com said that the two properties were purchased for ₹2.53 lakh per square foot. This is one of the most expensive per square foot rates in the Mumbai real estate market.
Tanya Dubash and Naman Developers, the developer working on the Naman Xana project, could not be reached for comment.
Tanya Dubash bought a premium duplex residence in the same building for over ₹226 crore in May of last year. According to property paperwork, the transaction price was around ₹2.16 lakh per square foot. The duplex unit spans 856 sq. m. (~9,214 sq. ft.) and has a 114 sq. m. (1,227 sq. ft.) balcony.
The apartment has a total built-up size of 1,067 square meters (~11,485 square feet). The unit contained six parking spaces. The transaction cost Rs. 13.55 crore in stamp duty and Rs. 30,000 in registration charges. The transaction was made on May 26.
-
Real Estate News1 month agoVijayta Raheja Applauds India’s ₹4 Lakh Crore Urban Vision at ET Maharashtra Business Summit
-
Real Estate News2 months agoMumbai’s Largest MHADA Redevelopment Drive Set to Transform 923 Acres
-
New Projects & Launches2 months agoK Raheja & IHG Team Up to Elevate Powai’s Hospitality Landscape
-
Real Estate News2 months agoJohn Abraham Firm Renews Bandra Rent at ₹12L/Month
-
Global Real Estate2 months agoNorthfield Sees New Affordable Housing Underway
-
NRI Real Estate2 months agoHow NRIs Are Driving India’s Property Market?
-
Global Real Estate2 months agoSpanish Youth Hostel Group Considers London Real Estate Deals
-
Real Estate News2 months agoLower Parel Sees ₹60Cr+ Luxury Property Boom
