Dhuleva Group secures rights to redevelop two-acre land in South Mumbai

Mumbai: Realty developer Dhuleva Group has secured development rights for a prime two-acre land parcel near South Mumbai’s Marine Lines area and plans to develop a luxury housing project with a gross development value (GDV) of around Rs 1,000 crore, a top company official said.

The land parcel has an estimated development potential of around 1 million sq ft, including the free-sale and rehabilitation components for over 270 existing residents. The project is part of the developer’s strategy of expanding its presence in established residential neighbourhoods of South Mumbai through redevelopment.

“We have secured the consent of existing residents and currently working on further approvals for the redevelopment from government authorities. Construction work for the project is expected to start by first quarter of 2027 and we expect to complete the development in four years after that,” Anuj Mehta, director of Dhuleva Group, told ET.


The company plans to undertake the redevelopment under Regulation 33(9) of Mumbai’s Development Control and Promotion Regulations (DCPR) 2034, which governs cluster redevelopment and allows multiple old, dilapidated or unsafe buildings to be combined into a single project with higher Floor Space Index (FSI).

Under the proposed development, the rehabilitation component will accommodate the existing residents, while the remaining development potential will comprise the free-sale component. The company is currently pursuing the approvals required from the relevant government authorities before commencing construction.

“The government’s push on cluster redevelopment is allowing several congested and densely populated areas in the city, particularly south and central Mumbai to witness major rejuvenation. This has improved development viability of many properties helping the residents as well as the city with possible infrastructure upgrade,” Mehta added.

Cluster redevelopment has become an important route for redevelopment in parts of Mumbai where multiple ageing buildings and fragmented land parcels can be consolidated for larger projects. The model can enable developers to create larger development parcels while providing rehabilitation housing to existing occupants within the same redevelopment framework.

Redevelopment has emerged as mainstay of Mumbai’s residential market, with developers increasingly focusing on existing properties and land parcels in established neighbourhoods. Development rights and redevelopment transactions have also become an important avenue for developers seeking to expand their portfolios in the city.

For developers, such projects provide access to land in established locations where opportunities for outright land acquisition are limited. For residents, redevelopment can provide new rehabilitation homes while enabling the redevelopment of ageing structures. South Mumbai, with its concentration of older buildings and established residential neighbourhoods, remains a significant market for such projects.