India, Oct. 29 -- Mumbai's redevelopment boom raises an important question: must a building be at least 30 years old to qualify for redevelopment? The Brihanmumbai Municipal Corporation (BMC) mandates structural audits for buildings older than 30 years, but this threshold does not constitute a minimum age requirement for redevelopment.

The eligibility depends on applicable development regulations, the building's structural condition and project-specific criteria. Developers say buildings 20 or 25 years old may also be considered for redevelopment under certain circumstances, while experts caution against replacing relatively new structures solely to benefit from redevelopment incentives.

Experts emphasise that the 30-year threshold for ...