India’s financial capital Mumbai has emerged as a Numero Uno city with a huge potential for redevelopment of residential societies. According to a recent Knight Frank report, since 2020, a total of 910 housing societies have signed development agreements (DA), unlocking nearly 327 acres (1.32 million sqm) of potential land area. An estimated 160000 societies over the age of 30, are eligible for redevelopment which will add a total of over 44K new homes at the value of INR 1305 billion.

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