The redevelopment of old cooperative housing societies in Mumbai is crucial due to aging infrastructure, structural issues, and increasing housing demand. These older buildings often lack modern amenities and suffer from safety concerns. Redevelopment provides improved living conditions and optimizes land use.
The process involves legal frameworks, society approval, developer selection, and municipal approvals, with government incentives like higher Floor Space Index (FSI) aiding the process. However, challenges include resident disputes, developer delays, and regulatory hurdles.
Despite these challenges, with proper planning and cooperation, redevelopment can transform Mumbai's aging buildings into modern, safer, and more sustainable communities.
