Municipal Corporation of Greater Mumbai redevelopment is 62% supply

Municipal Corporation of Greater Mumbai redevelopment accounted for 104,859, or 62%, of 168,696 under-construction units in projects launched from CY17 through Q1 CY26. MCGM redevelopment absorption was 32%, or 33,987 units, as of Q1 CY26, leaving 70,872 units unsold within the source’s defined project universe.

Why does MCGM redevelopment make up 62% of housing supply?

MCGM redevelopment makes up 62% of the defined housing supply because vacant land is scarce, particularly in the Island City and Western Suburbs. Redevelopment contributed 104,859 of 168,696 units in under-construction projects launched from CY17 to Q1 CY26 that were being marketed and sold, compared with 63,837 greenfield units, or 38%.

The definition is important because the 62% share excludes Slum Rehabilitation Authority, or SRA, redevelopment projects. The source identifies a lack of clear-title vacant plots and state-government additional and incentive floor space index, or FSI, schemes as factors supporting redevelopment; FSI is the development entitlement that can permit additional sale flats alongside replacement housing.

Where is MCGM redevelopment supply concentrated?

MCGM redevelopment supply is concentrated in Western Suburbs, which held 46,218 units, or 44% of the 104,859-unit redevelopment total, as of Q1 CY26. Eastern Suburbs followed with 25,718 units, or 25%, and Central Mumbai had 20,455 units, or 20%; South Mumbai and Western Prime together accounted for 12,468 units, or 11%.

Western Suburbs also had the largest sold and unsold redevelopment inventory, with 16,398 sold units and 29,280 unsold units. Eastern Suburbs recorded 7,583 sold units and 17,865.2 unsold units, while Central Mumbai recorded 6,341.4 sold units and 14,414 unsold units; the source reports decimal unit figures in these submarket results.

How much of the MCGM redevelopment pipeline has sold?

MCGM redevelopment absorption was 32% as of Q1 CY26, meaning 33,987 of 104,859 units were sold in the selected under-construction projects. The remaining 68%, or 70,872 units calculated from reported supply and sold units, was unsold; absorption measures unit sales, not occupancy of completed homes.

Western Suburbs represented 48% of all sold redevelopment units, followed by Eastern Suburbs at 23% and Central Mumbai at 19%. South Mumbai and Western Prime accounted for the remaining 10% of sold units, showing that the largest supply market also generated the largest share of sales while retaining the largest stated unsold inventory.

Which redevelopment categories account for the pipeline?

MCGM-redevelopment is the largest redevelopment category, supplying 68,888 units, or 66% of the 104,859-unit redevelopment pipeline. Maharashtra Housing and Area Development Authority, or MHADA, projects supplied 29,084 units, or 28%, while Mumbai Metropolitan Region Development Authority, or MMRDA, projects supplied 4,051 units and mill redevelopment supplied 2,836 units.

Category-level sales differed from the overall 32% rate. MCGM-redevelopment sold 21,795 units, or 32% of its supply, and MHADA sold 9,994 units, or 34%; mill redevelopment sold 1,243 units, or 44%, while MMRDA sold 955 units, or 24%.

What changed in MCGM redevelopment launches after CY21?

MCGM-redevelopment launches shifted heavily toward the post-COVID period, with 59,904 of 68,888 units, or about 87%, launched between CY21 and Q1 CY26. That leaves about 13% of the category’s supply launched during CY17 to CY20, making sales performance dependent largely on projects introduced since CY21.

Western Suburbs had an even higher post-COVID concentration: 28,523 of 30,437 MCGM-redevelopment units, or 94%, were launched from CY21 to Q1 CY26. New launches rose from 970 units in CY21 to 9,354 units in CY24, fell to 4,881 units in CY25, and reached 4,546 units in Q1 CY26 alone, equal to more than 93% of the CY25 total.

Conclusion

MCGM redevelopment is the majority source of the selected under-construction housing supply, exceeding greenfield development by 41,022 units. The 32% absorption rate qualifies that scale: 70,872 units remained unsold as of Q1 CY26, and Western Suburbs carried the largest supply, sales contribution and stated unsold pool.

The next measure to watch is absorption of the post-CY21 launch cohort, which represents about 87% of MCGM-redevelopment supply and 94% of Western Suburbs MCGM-redevelopment supply. Q1 CY26 Western Suburbs launches of 4,546 units followed 4,881 launches in all of CY25, so subsequent sales data will show whether demand matches the recent launch volume.