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In a landmark step toward rejuvenating Mumbai鈥檚 ageing housing infrastructure, CREDAI-MCHI鈥檚 Ease of Doing Redevelopment (EODR) 2.0 concluded at the Jio World Convention Centre today, bringing together over 3,000 housing societies and 40+ reputed developers. With active participation from legal experts, architects, urban planners, and policymakers, the conclave spotlighted the urgent need for transparent and sustainable redevelopment across the city.

At the heart of the event was a powerful message from Shri Sanjeev Jaiswal, I.A.S., Vice President and CEO of MHADA, who underscored the importance of public-private synergy in overcoming the city鈥檚 land constraints and revamping outdated housing blocks. 鈥淩edevelopment is more than reconstruction鈥攊t鈥檚 about timely delivery, clear FSI frameworks, and tenant protection,鈥� Jaiswal said. He highlighted recent legislative amendments, including Section 91A, which enables MHADA to take over stalled projects, and Section 79A, ensuring fair compensation for landowners in cess building redevelopment.

Jaiswal emphasized that responsible redevelopment hinges on viability, transparency, and speed鈥攏ot just cement and steel.

The conclave offered live consultations for housing societies, empowering them with financial insights, legal clarity, and technical know-how to move forward with confidence.

Boman Irani, President of CREDAI National and CMD of Rustomjee Group, urged societies to focus on developer intent and track record over flashy offers. 鈥淭he best offer is not the highest鈥攊t鈥檚 the one that鈥檚 sustainable and honest. Choose a solid legal and project management team and then trust them. Constant delays only increase risk,鈥� he warned.

Domnic Romell, President of CREDAI-MCHI and Director of Romell Group, echoed the sentiment. 鈥淟et鈥檚 be clear: redevelopment is driven by need, not greed. Demanding excessive bank guarantees in a RERA-monitored environment is outdated. Understand the value of your 35% fungible FSI. Keep expectations realistic, and don鈥檛 let myths derail your future,鈥� he said.

Adding to this, Dhaval Ajmera, Secretary, CREDAI-MCHI and Director at Ajmera Realty & Infra (I) Ltd., said, 鈥淲ith 40+ developers and over 3,000 societies participating, EODR 2.0 is more than an exhibition鈥攊t鈥檚 an engine of empowerment.鈥�

The event also highlighted the economic scale of Mumbai鈥檚 redevelopment potential. With more than Rs 80,000 crore (approx. Rs 800 billion) worth of housing stock awaiting transformation, EODR 2.0 reaffirmed the city鈥檚 readiness for planned, inclusive growth.

Organised by CREDAI-MCHI鈥攖he apex body for developers across the Mumbai Metropolitan Region (MMR)鈥擡ODR 2.0 is being hailed as a turning point for Mumbai鈥檚 redevelopment sector.

About CREDAI-MCHI CREDAI-MCHI represents over 2,200 developers across the MMR and is part of CREDAI National, which connects 18,000+ developers pan-India. The body advocates ethical, transparent real estate practices and plays a key role in shaping housing policies that align with the vision of Housing for All.