In the land-starved Mumbai, the successful implementation of the cluster development scheme and redevelopment of cessed buildings will create at least 2.5 lakh housing units.
According to experts, Mumbai has 16,000-odd dilapidated buildings, which need urgent redevelopment. However, due to draconian laws and approval procedure, the city has not been developed as it should have been. There is no virgin land available in Mumbai and redevelopment is the only option.
Redevelopment of cessed buildings will generate 1.50 lakh housing units, while the implementation of cluster redevelopment will create 26,272 housing units after rehabilitating the existing tenants. According to a conservative estimate, if the entire 16,000-odd buildings are developed in a cluster mode, the city will get 2.5 lakh housing units, said an expert.