
Over the past year, Mumbai has opened 800 to 1,000 acres of land for redevelopment under the cluster development model, according to Sanjeev Jaiswal, vice president and CEO of the Maharashtra Housing and Area Development Authority (MHADA).
These redevelopment layouts range from 40 to 140 acres each, including major projects like Motilal Nagar (140 acres), GTB Nagar, Kamathipura, Bandra Reclamation, Aaram Nagar, Adarsh Nagar, Gorai, and Charkop. On March 16, MHADA will hand over keys to residents of Naigaon in central Mumbai, rehabilitated under the redevelopment of over 100-year-old BDD chawls.
Key Highlights
Also Read: MHADA to Launch Luxury Mumbai Flats Ahead of Diwali 2025
According to Jaiswal, “...in the last one year, in Mumbai alone, either approved by the Cabinet, or the developer has been appointed or in tender process, whatever be the reasons, more than 800 to 1,000 acres of land in proper Mumbai is opening up for redevelopment on a cluster model. And trust me when I say this, every layout is expanding almost to 40 acres, 60 acres, 100 acres, or 140 acres," Jaiswal said.
MHADA expects to receive over 10 lakh square meters of built-up housing stock in the coming years, translating to more than 20,000 apartments for the public. Jaiswal emphasized that structural reforms, such as rationalizing premiums, development charges, and faster approvals, could improve housing affordability significantly.
Maharashtra Deputy Chief Minister and Housing Minister Eknath Shinde highlighted the state’s economic growth, projecting a contribution of $1.5 trillion to India’s $5 trillion economy by 2027. Shinde added that investments worth ₹2.96 lakh crore in 2026 are expected to generate nearly 3 lakh jobs, strengthening Mumbai and Maharashtra as India’s leading infrastructure and economic growth hub.
“Maharashtra will continue to lead India’s growth story. With strong policy support, infrastructure expansion and investor confidence, the state is on track to play a major role in achieving the country’s $5 trillion economy target, with Maharashtra alone contributing nearly $1.5 trillion to the national GDP,” said Shinde.
Also Read: MHADA Opens Sale of Luxury 3BHK Flats in Tardeo's Crescent Tower
The government’s combined focus on housing, industrial growth, and infrastructure expansion is transforming the Mumbai Metropolitan Region into a globally competitive urban and economic center, offering increased access to affordable housing, employment, and modern urban infrastructure.
We use cookies to ensure you get the best experience on our website. Read more...
Copyright © 2026 HomesIndiaMagazine. All Rights Reserved.