Archive · 21 Jun 2025
Noida's Redevelopment Drive Inspired by Mumbai Model
Noida is revamping old housing, like Mumbai does.
They'll knock down old, small apartments and build bigger, better ones.
Developers get to sell extra units to make money, but they have to give the original residents new homes.
This helps fix old buildings, improve living, and maybe help people buy homes faster.
The city is also bringing in other companies to finish some stalled projects.
It is expected to help solve housing problems and bring in modern developments in Noida.
Noida is launching a redevelopment policy inspired by the Mumbai model.
The policy aims to replace old EWS flats with larger, modern units.
Developers will be incentivized with increased FAR for building new homes.
The Noida Authority also approved co-developers for five stalled projects.
The move is expected to revitalize urban land and address housing shortages.
- Who
- Noida Authority, developers, and residents
- What
- Noida is launching a redevelopment policy to replace old flats with modern units.
- When
- The policy was recently approved by the Noida Authority.
- Where
- Noida
- Why
- To revitalize urban land, improve housing, and address housing shortages.
Industry Challenges
Industry Support
Commercial Viability vs Necessity
Industry Challenges
Concerned with Commercial Viability
Industry Support
Welcomed as a Much Needed step.
- Policy Inspiration
- Mumbai Model
- Target Areas
- Sectors 27, 93, and 93A
- FAR increase
- 1.5 to 3.5
- Housing units stuck in NCR
- 190,000
- Stalled project value
- Rs 1 lakh crore
- Developers debt to authorities
- Rs 40,000 crore