India, Aug. 19 -- While a few cooperative housing societies in Mumbai have opted for self-redevelopment, an 87-year-old bungalow in Bandra is set to undergo self-redevelopment for the first time, partially financed by the owner.

The bungalow, situated on a 5,167 sq ft plot, will be redeveloped into a 14-storey building spanning 21,000 sq ft. The owners are set to gain around 400% more space compared to their current home, according to a report published in the Hindustan Times.

Here are six things to know about the Bandra bungalow, part of a housing society established nearly 107 years ago. and the Maharashtra government's self-redevelopment policy.

In Mumbai, self-redevelopment allows housing societies to rebuild old structures without...