Business EconomyPosted at: Jun 14 2026 8:48PM


Redevelopment will remain one of the key drivers of Mumbai's residential market

Mumbai, June 14 (UNI) Mumbai's redevelopment story today goes far beyond demolishing ageing structures and replacing them with new buildings, said a leading real estate developer.
Addressing mediapersons here over the weekend, Amit Jain, Chairman & Managing Director, Arkade Developers, said redevelopment has evolved into an opportunity to improve urban living through better infrastructure, enhanced amenities, and stronger communities.
With land availability shrinking across Mumbai, particularly in established residential neighbourhoods, redevelopment is emerging as one of the few viable solutions to address the city's future housing needs, he said.
"Over the next decade, a large number of ageing buildings across Mumbai will inevitably undergo redevelopment. The opportunity today is not merely to replace buildings, but to create better environments for people to live in," he noted.
He believes redevelopment will remain one of the key drivers of Mumbai's residential market. Unlike earlier decades when new land parcels fuelled housing supply, the city's future growth will increasingly depend on unlocking the potential of existing developments.
According to Jain, the redevelopment process has become significantly more organised over the years. Housing societies are better informed, legal frameworks are stronger, and responsibilities are more clearly defined. Residents are typically provided rental compensation during construction, while project timelines and commitments have become more transparent.
"The process today is far more organised. Societies understand their rights, developers understand their responsibilities, and there is much greater clarity while making decisions," he said.
Jain also highlights how buyer preferences have evolved. Homebuyers today are looking beyond the apartment itself and evaluating the overall living experience. "There was a time when buying a home simply meant buying four walls. Today, people are investing in a lifestyle," he says.
Connectivity, social infrastructure, open spaces, wellness amenities, construction quality, and long-term value have become key decision-making factors. Features such as clubhouses, fitness centres, landscaped gardens, children's play areas, and co-working spaces are increasingly viewed as essential rather than aspirational.
At the same time, customer experience has emerged as a major differentiator. Jain believes the relationship between a developer and a buyer does not end at possession. From construction updates to after-sales support, buyers expect a seamless experience throughout their journey.
UNI AAA CDS
Please log in to get detailed story.
Tags: #Redevelopment will remain one of the key drivers of Mumbai's residential market
More News

NABARD balance sheet grows to ₹10 96 lakh crore, disburses ₹1 37 lakh crore in Telangana over 12 years

16 Jul 2026 | 8:29 PM

Hyderabad, July 16 (UNI) National Bank for Agriculture and Rural Development (NABARD) Telangana Chief General Manager B. Uday Bhaskar on Thursday said the institution's balance sheet had grown in size from ₹4,519 crore in 1982 to ₹10.96 lakh crore as of March 2026, reflecting its continued evolution to meet the changing needs of rural India.

see more..

Telangana to leverage India-UK Trade Pact to boost exports: Sridhar Babu

16 Jul 2026 | 8:21 PM

Hyderabad, July 16 (UNI) Telangana IT and Industries Minister D Sridhar Babu on Thursday said the state government is preparing a roadmap to maximise the benefits of the India-UK Comprehensive Economic and Trade Agreement (CETA) and significantly enhance exports to the United Kingdom.

see more..

Jio Financial accelerates full-stack financial push as Q1 profit jumps 156 pc

16 Jul 2026 | 8:05 PM

Mumbai, July 16 (UNI) Jio Financial Services Ltd (JFSL) is rapidly transforming into a full-stack financial services platform, with strong growth across lending, payments, asset management and insurance businesses powering a 156 per cent jump in consolidated profit after tax (PAT) to Rs 830 crore in the first quarter of FY27.

see more..

Trust, governance key to AI's next phase: Industry

16 Jul 2026 | 7:51 PM

Bengaluru, July 16 (UNI) Artificial intelligence (AI) has entered a new phase where the biggest challenge is no longer persuading businesses to adopt the technology, but ensuring it is secure, trustworthy and capable of delivering measurable business outcomes, industry leaders said on AI Appreciation Day.

see more..

16 Jul 2026 | 6:40 PM

New Delhi, Jul 16 (UNI) India's industrial and warehousing real estate market maintained strong momentum during the first half of 2026, with Grade A leasing rising 12 per cent year-on-year to nearly 22 million square feet across the country's top eight cities, despite global geopolitical uncertainties impacting supply chains.

see more..