Mumbai: More than half of Mumbai’s slum land is in the redevelopment pipeline.
Data accessed by HT from the Slum Rehabilitation Authority (SRA) shows that projects covering 2,751 acres of land—an area larger than the Mumbai Port Authority’s (MbPA) total land bank (2,333 acres) and almost as large as the Navi Mumbai International Airport (2,866 acres)—are either under construction or stalled, underscoring the unprecedented scale of the city’s slum redevelopment drive.
The 2,751 acres account for 56.35% of Mumbai’s total 4,882 acres of slum land. Of this, 2,156 acres are actively being redeveloped, while projects spanning 595 acres have stalled. The slum area under redevelopment is nearly eight times the size of London’s Hyde Park (350 acres) and more than three times New York’s Central Park (843 acres).
“There is a huge spurt in the number of projects as well as the total acres under redevelopment,” said Pankaj Kapoor, founder and managing director of real estate research company Liases Foras. “This has happened due to multiple factors, including policy interventions favouring revamp of such colonies, a dearth of land availability within Greater Mumbai limits, the opportunities Mumbai’s real estate provides, and most importantly, several of the slum colonies are on good and premium locations.”
