India, July 15 -- Mumbai's real estate market is seeing a surge in redevelopment project announcements, even as overall housing sales begin to show signs of softening. In the past six months, at least five listed developers have unveiled redevelopment projects in the city, with a combined potential value of Rs.18,000 crore.

Experts say this flurry of activity reflects a strategic move by developers to capitalise on strong sales over the past three years. By building a robust redevelopment pipeline, they aim to secure their sales book for the next three to five years. While this signals a phase of consolidation, experts caution that the current momentum may ease over the coming year.

In the last six months, Mumbai-based Rustomjee Group h...