constructionweekonline.in-Mumbai’s aging properties: What does the future hold?
Mumbai, the financial capital of India, is a city where a rich historical legacy intertwines with an ever-evolving urban landscape. This dynamic juxtaposition creates a pressing need for redevelopment and revitalization, particularly for the city’s aging buildings. According to the Maharashtra Housing and Area Development Authority (MHADA), over 14,000 structures older than 30 years are in dire need of redevelopment due to compromised structural integrity. Meanwhile, the Mumbai Metropolitan Region Development Authority (MMRDA) projects the city’s population will swell to 28 million by 2030, intensifying the strain on already limited land resources.
