India, April 15 -- Redevelopment across Mumbai's real estate market has steadily transformed the city's ageing housing stock, offering residents larger homes, upgraded amenities and improved infrastructure. While most homeowners eventually return to their redeveloped buildings, often benefiting from bigger apartments, a small but notable section chooses not to move back at all.

Once a building enters redevelopment, residents must vacate their homes, with developers typically paying monthly rent as agreed with the housing society. This gives homeowners the flexibility to rent accommodation based on their budget; some remain in the same neighbourhood, while others move to more affordable peripheral areas. In certain cases, especially among...