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Redevelopment with Responsibility

Shri Sanjeev Jaiswal (I.A.S., VP & CEO, MHADA) stresses public-private synergy at to transform Mumbai’s aging housing stock.

BY Realty+
Published - Monday, 14 Apr, 2025
Redevelopment with Responsibility

There is a need for robust public-private partnerships to revamp Mumbai’s timeworn housing stock. Mumbai’s landlocked nature makes land availability a perpetual challenge. The recent amendment to Section 91A, empowering MHADA to take over stalled projects, is both timely and necessary.

Compensation to landowners, long a hurdle in cess building redevelopment, is now addressed with fair provisions under Section 79A. Redevelopment is not merely about constructing new buildings—it’s about viability, transparency, and timely delivery.

A clear FSI framework and honest communication are key to safeguarding both tenant rights and project feasibility.

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