New Delhi, April 22 -- Mumbai, India's financial hub, is a city of extremes. High-rises stand next to slums showing the city's deep housing problem. As Mumbai grows redevelopment projects shape its property scene. But do these efforts solve the city's increasing need for homes?

The Need to Redevelop

Mumbai faces a housing crisis, with about 42% of its people living in slums. This makes finding good housing solutions a must. These slums show more than just poor infrastructure; they pose problems for city planning, cleanliness, and growth that lasts. To redevelop means to build new homes, make life better for people, and use land in the best way possible.

Redevelopment Explained

Redevelopment means rebuilding old run-down buildings in ...