India, May 25 -- Mumbai's real estate redevelopment market grew 16% in 2025 compared to the previous year, driven by a rise in redevelopment deals across the city. A total of 229 development agreements (DAs) for the redevelopment of old buildings were signed in 2025, up from 196 in 2024, according to data from Knight Frank India.

The momentum continued into 2026, with nearly 30% or 70 of the total redevelopment agreements for 2025 signed within the first 74 days of the year, up to March 15, the data showed.

According to Knight Frank India data, a total of 1,094 DAs have been signed in the last six years from January 2020 to March 15, 2026. A total of 432 acres of land has been unlocked for redevelopment through the signing of these 1,09...