Mumbai, India’s financial capital, has seen significant progress in slum redevelopment and affordable housing over the past three decades. According to the Maharashtra Economic Survey 2025–26, the city has completed 2,545 Slum Rehabilitation Authority (SRA) projects, helping thousands of families move from informal settlements to formal housing.
These projects have successfully rehabilitated around 2.83 lakh slum-dwelling families, improving living conditions and access to essential urban infrastructure.
Interestingly, the report highlights that around 18% of these projects—nearly 500—were completed after the COVID-19 pandemic, indicating a renewed focus on housing development and urban redevelopment in Mumbai.
Key Highlights from the Maharashtra Economic Survey 2025–26
The Maharashtra Economic Survey 2025–26 provides detailed insights into the progress of slum rehabilitation projects in Mumbai and nearby regions.
Major Statistics
2,545 SRA projects have been completed in Mumbai since the scheme began.
2,83,955 slum families have been rehabilitated into formal housing.
Nearly 500 projects (18%) were completed in the last five years after COVID-19.
51 SRA projects have been completed in Thane.
7,815 slum families have been rehabilitated in Thane.
The survey also highlights the rapid growth in redevelopment projects. By August 2021, Mumbai had 2,067 completed SRA projects, rehabilitating 2,23,471 families. Since then, hundreds of additional projects have been completed, providing homes to thousands of families.
Growth of Slum Rehabilitation Projects in the Last Decade
Over the last decade, Mumbai’s slum redevelopment efforts have accelerated significantly.
By December 2015, around 1,512 SRA projects had been undertaken.
These projects helped rehabilitate nearly 1.62 lakh families living in slums.
In the past ten years, more than 1,000 additional SRA projects have been initiated or completed.
This growth reflects stronger government initiatives, policy support, and increased participation from private developers in affordable housing projects.
What Is the Slum Rehabilitation Authority (SRA)?
The Slum Rehabilitation Authority (SRA) is a government body responsible for implementing slum redevelopment projects in Maharashtra.
Established in 1995, SRA operates on a public–private partnership model that encourages developers to participate in housing redevelopment.
How the SRA Model Works
Private developers redevelop slum land.
Slum residents receive free permanent housing units.
Developers receive additional development rights.
Developers sell additional apartments in the open market to recover costs.
This model helps transform slum areas into modern housing complexes while ensuring residents receive secure housing without financial burden.
Affordable Housing Initiatives in Maharashtra
Apart from SRA projects, several government agencies are working to provide affordable housing in Maharashtra.
MHADA Housing Development
The Maharashtra Housing and Area Development Authority (MHADA) is the state’s main agency responsible for affordable housing.
Since 1977, MHADA has constructed 5.27 lakh housing units across Maharashtra (up to November 2025).
MHADA regularly launches housing schemes for middle- and low-income groups.
These schemes play an important role in improving housing accessibility in the state.
CIDCO Housing Projects
The City and Industrial Development Corporation (CIDCO) has also contributed significantly to housing development in Maharashtra.
CIDCO has been implementing planned housing projects since 1970.
Up to December 2025, it has constructed 2.30 lakh housing units.
CIDCO developments have been especially important in Navi Mumbai, a planned city designed to reduce population pressure on Mumbai.
PMAY Housing Progress in Maharashtra
The Pradhan Mantri Awas Yojana (PMAY) is one of the central government’s flagship programs aimed at providing housing for all.
PMAY (Urban) Progress in Maharashtra
Target: 19.40 lakh houses across 409 cities
10.15 lakh houses sanctioned as of December 2025
8.75 lakh homes completed
This program continues to boost the availability of affordable urban housing in Maharashtra.
PMAY-Urban 2.0 Scheme
The government has also introduced PMAY-Urban 2.0, which aims to support one crore urban poor and middle-class families across India.
In Maharashtra:
3.21 lakh beneficiaries have registered under the scheme.
The central government has disbursed ₹246.93 crore in financial assistance.
Impact of Slum Rehabilitation on Mumbai’s Housing Market
The completion of more than 2,500 SRA projects in Mumbai represents one of the largest urban rehabilitation initiatives in India.
These projects have helped:
Provide secure housing to nearly 3 lakh families
Reduce the number of informal settlements
Improve urban infrastructure and living conditions
Encourage private investment in affordable housing
With continued government support and policy reforms, Mumbai’s slum redevelopment and housing initiatives are expected to expand further.
Conclusion
Mumbai’s completion of 2,545 Slum Rehabilitation Authority (SRA) projects marks a major milestone in the city’s journey toward inclusive urban development. With over 2.83 lakh families rehabilitated, the initiative has significantly improved housing conditions for thousands of residents.
As housing programs led by SRA, MHADA, CIDCO, and PMAY continue to expand, Maharashtra is steadily moving toward its goal of providing safe, affordable housing for millions of urban residents.Conclusion
Trending News In Real Estate