As the city of Mumbai embraces the future, its old creaky buildings are being replaced by new swanky towers. Redevelopment is a sort of a magic wand that is completely changing the cityscape. Redevelopment basically refers to the process of reconstruction of the residential/commercial premises by demolition of the existing structure and construction of a new structure. This process entails the use of the land by exploiting additional TDR, FSI as specified under the Development Control Regulations of Municipal Corporation of Greater Mumbai (MCGM). Redevelopment has been envisaged to rejuvenate Mumbai which is facing tremendous land shortage.
Over the past few years, as redevelopment gathers pace, SIPL has emerged on the horizon as a leading player in that space. In fact, SIPL is renowned as one of the pioneers in this space and had a rich experience in handling all kinds of redevelopment projects from SRA, 33(7), MHADA to private societies. With scores of projects undertaken and many more in the pipeline, SIPL is an active participant in changing the skyline of the city, today and in the days to come.