As the financial capital of India, Mumbai stands out as the most densely populated city in the nation, boasting a population density of 20,482 individuals per square kilometer, significantly surpassing the national capital, Delhi, by approximately four percent. Despite covering a smaller geographical area, being the fourth largest city by space after Kolkata, Bengaluru, and Delhi, the pressure on Mumbai to accommodate its residents is intensifying.
In order to tackle the pressing housing needs, the city's Regional Development and Draft Plan (RDDP) has identified a pressing requirement for more land for real estate development. To facilitate this, the RDDP will utilize approximately 13,000 hectares of land categorized as no development zones, which includes eco-sensitive areas, water bodies, forest land, and private lands. It is important to note that while some land will be made available for development, the remaining natural areas will be preserved. From the total area designated under the no development zone (NDZ), about 10,000 hectares will be allocated for the construction of residential flats and other associated developments.
The allocation strategy as per the RDDP designates that around 25% of the land will be reserved for open spaces, while an additional 8% is earmarked for institutional development. Furthermore, 25% of the land will be focused on building affordable housing, and establishments related to education will occupy this area as well. Additionally, a modest 3% is allocated for the medical sector, including hospitals, clinics, and pharmacies. This approach leaves 34% of the land available for development at the discretion of the respective landowners.
A central focus of the RDDP 2034 initiative is on delivering affordable housing to the residents. Each residential project in this plan will cover a gross plot area of 4,000 square meters specifically dedicated to affordable housing, to be developed exclusively by the municipal corporation.