+
Mumbai Witnesses Surge in Redevelopment Projects, MoEFCC Data Reveals
Real Estate

Mumbai Witnesses Surge in Redevelopment Projects, MoEFCC Data Reveals

The Ministry of Environment, Forest and Climate Change (MoEFCC) has reported a sharp rise in redevelopment projects across Mumbai, with over 50 proposals submitted for environmental clearance in the last three months. The data shows an increasing trend in slum rehabilitation and infrastructure revamp projects, signalling major changes in the city’s urban landscape.

As per official records, more than 30 proposals were submitted in December 2023 alone, with developers seeking clearance for large-scale construction projects. The proposals, aimed at modernising existing structures, were primarily filed under environmental scrutiny to meet regulatory compliance.

Some of the prominent projects include: proposed development redevelopment project by Imtiaz Kanga – TOR granted; redevelopment of existing structures by Pravindra Kataria – TOR granted; and slum rehabilitation expansion by Sushant Sunil Bharadkar, which is under review.

The MoEFCC data indicates that around 40 per cent of the submitted proposals have been granted Terms of Reference (TOR), allowing developers to proceed with the next stage of approvals. Several projects, however, remain under evaluation, awaiting full environmental clearance before construction begins.

While redevelopment is seen as a necessary step to accommodate Mumbai’s growing population, concerns about environmental sustainability persist. Experts have pointed out the potential risks related to waste management, green cover reduction, and ecological disturbances caused by large-scale demolition and construction activities.

The projects that have received TOR grants will now undergo further assessments to ensure they meet environmental standards. Authorities have emphasised the need for stringent monitoring to balance urban expansion with sustainability. The final decision on environmental clearance for pending projects is expected in the coming months.

This surge in redevelopment activity marks a significant phase in Mumbai’s urban planning, with authorities closely watching how these projects will reshape the city’s skyline and infrastructure.

The Ministry of Environment, Forest and Climate Change (MoEFCC) has reported a sharp rise in redevelopment projects across Mumbai, with over 50 proposals submitted for environmental clearance in the last three months. The data shows an increasing trend in slum rehabilitation and infrastructure revamp projects, signalling major changes in the city’s urban landscape. As per official records, more than 30 proposals were submitted in December 2023 alone, with developers seeking clearance for large-scale construction projects. The proposals, aimed at modernising existing structures, were primarily filed under environmental scrutiny to meet regulatory compliance. Some of the prominent projects include: proposed development redevelopment project by Imtiaz Kanga – TOR granted; redevelopment of existing structures by Pravindra Kataria – TOR granted; and slum rehabilitation expansion by Sushant Sunil Bharadkar, which is under review. The MoEFCC data indicates that around 40 per cent of the submitted proposals have been granted Terms of Reference (TOR), allowing developers to proceed with the next stage of approvals. Several projects, however, remain under evaluation, awaiting full environmental clearance before construction begins. While redevelopment is seen as a necessary step to accommodate Mumbai’s growing population, concerns about environmental sustainability persist. Experts have pointed out the potential risks related to waste management, green cover reduction, and ecological disturbances caused by large-scale demolition and construction activities. The projects that have received TOR grants will now undergo further assessments to ensure they meet environmental standards. Authorities have emphasised the need for stringent monitoring to balance urban expansion with sustainability. The final decision on environmental clearance for pending projects is expected in the coming months. This surge in redevelopment activity marks a significant phase in Mumbai’s urban planning, with authorities closely watching how these projects will reshape the city’s skyline and infrastructure.

Next Story
Infrastructure Urban

Avendus Future Leaders Invests Rs 3 Billion in Aragen Life Sciences

Aragen Life Sciences, a contract research, development, and manufacturing organisation (CRDMO), has received a Rs 3 billion investment from the Avendus Future Leaders Fund (FLF), a private equity fund managed by the Avendus Group, along with SBI Life Insurance. This investment comes out of Avendus’ third fund, which marks the fund’s second investment, the first being its investment in La Renon Healthcare earlier this year. Aragen, established in 2001, is primarily focused on developing innovative pharmaceuticals, though in recent years has started to develop digital and AI technologie..

Next Story
Infrastructure Urban

Earth Fund Receives Rs 50 Million Investment From Nila Spaces

Nila Spaces Limited has become a Limited Partner with Earth Fund, India’s 1st real estate tech and sustainability-focused venture capital fund. It has done so through an investment of Rs 50 million into the fund. The investment aligns with the company’s wider capital allocation plans.Nila Spaces has said that the investment is aimed at improving efficiency of operations, decarbonisation, and strengthening itself for potential change in sectors. These goals can be achieved by being granted access to smart infrastructure, low-carbon materials, and digital construction workflows. Deep Va..

Next Story
Infrastructure Transport

India Boosts Shipbuilding With Rs 25,000 Billion Maritime Fund

The Government of India has announced a series of initiatives to upgrade and modernise the country’s shipbuilding sector, with a strong focus on green technology, financial support, and infrastructure expansion.Key measures include amendments to the Shipbuilding Financial Assistance Policy (SBFAP), release of five standard tug designs for major ports, and revisions to the Right of First Refusal (RoFR) framework to strengthen indigenous shipbuilding. The Green Tug Transition Programme (GTTP) and Harit Nauka guidelines for inland vessels have also been launched to promote sustainable operation..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?