India, Feb. 24 -- As ageing buildings across the city undergo redevelopment, the area around the heritage Banganga Tank precinct in Walkeshwar is set to follow suit. Nearly two dozen residential buildings in this prime South Mumbai neighbourhood are likely to be redeveloped soon.

Walkeshwar is both a high-profile and sensitive area, with Raj Bhavan at one end, Banganga Tank close by, and the Arabian Sea flanking it on two sides. Redeveloping such a locality is not straightforward, with several stakeholders cautious about what the redevelopment may do to the neighbourhood.

To assuage the concerns of those worried that the redevelopment may impact the heritage tank, Karan Shah, partner at Palash PMC, the consultants appointed to plan the ...