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Mumbai housing societies turn the tables on builders, drive hard bargain during redevelopment

December 1, 2025December 1, 2025| Ai Generated Article, credits to ogrinal websiteAi Generated Article, credits to ogrinal website| 0 Comment| 12:10 am
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Housing societies in Mumbai are leveraging a strong developer market to demand significantly higher compensation and additional area for redevelopment projects. These inflated expectations, often 15-25% above market rates, are driven by a ‘herd mentality’ and a perception of a booming market, leading some credible developers to withdraw from negotiations.

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