Mumbai is the ‘mother of redevelopment models’, CREDAI-NATCON leadership urges other cities to emulate it

Mumbai has led the way in redevelopment and is widely seen as the ‘mother of redevelopment models’ in India. Other cities should emulate the Mumbai model, which offers key lessons as redevelopment becomes not just a real estate issue but a social necessity and an essential part of upgrading urban infrastructure, CREDAI leadership said at the 24th NATCON, being held in Kolkata from October 2 to 4.

Mumbai has consistently led the way; it is the mother of redevelopment models, and other cities should learn from the Mumbai model,” Boman Irani, chairman, Credai, told Hindustan Times.

Shekhar Patel, president, Credai, said that with India expected to be about 60% urbanised by 2047, redevelopment will become a necessity.

Mumbai saw its first redevelopment projects nearly 30 years ago, while several other cities have already begun the process. Ahmedabad, for instance, has more than 50 redevelopment projects underway,” he said.

Every city will eventually need a redevelopment framework. In Chennai, for example, many houses are 50–60 years old, he said.