Overview

• Knight Frank estimates 44,277 apartments worth ₹1.30 lakh crore will come from society redevelopment in Mumbai by 2030.
• Executives warn the segment looks overheated, advising conservative area-share terms for societies of roughly 30–35% below ₹40,000 per sq ft and up to 50% where prices exceed ₹75,000.
• Western Suburbs from Bandra to Borivali dominate activity with 32,354 expected homes, and hotspots in Borivali, Andheri and Bandra together account for over 139 acres.
• Since 2020, 910 societies have signed development agreements unlocking about 326.8 acres, with over 80% of deals on plots smaller than 0.49 acres.
• The free-sale component is projected to generate roughly ₹7,830 crore in stamp duty and ₹6,525 crore in GST, with state revenues estimated at ₹6,500 crore over five years.