Mumbai can become slum free in the next 10 years, I'm very confident, says Maharashtra CM Devendra Fadnavis

Maharashtra Chief Minister Devendra Fadnavis has expressed confidence that Mumbai can become slum-free within the next 10 years, putting large-scale redevelopment at the centre of the city's future urban transformation.

The proposed approach focuses on cluster-based redevelopment, which could help transform ageing and densely populated settlements while making more efficient use of Mumbai's limited land. The redevelopment strategy is expected to combine rehabilitation housing with improved infrastructure and, in some areas, residential, commercial and recreational development.

Dharavi redevelopment remains one of the major projects associated with Mumbai's transformation. The government has set targets for rehabilitation housing as part of the broader redevelopment process.

For Mumbai's real estate sector, large-scale redevelopment could unlock significant development potential while improving housing and urban infrastructure. It could also reshape neighbourhoods and create new opportunities for residential and commercial projects.

However, redevelopment projects of this scale involve multiple stakeholders, regulatory approvals and rehabilitation requirements. Their impact on property markets will depend on execution, timelines and infrastructure development.

For homebuyers and investors, Mumbai's redevelopment push is an important trend to watch as the city looks to accommodate its growing population while making better use of available land.