Urban Redevelopment revitalizes aging or underutilized districts, replacing old structures with modern facilities. Governments and developers collaborate to enhance infrastructure, attract businesses, and improve community spaces.

Key Points:

• Infrastructure Overhaul: Upgrades transport, utilities, and public amenities.
• Commercial & Residential Growth: Mixed-use projects blend living and business hubs.
• Gentrification Concerns: Can lead to displacement if costs rise.
• Public-Private Partnerships: Many projects receive government incentives.

By modernizing neglected areas, urban redevelopment fosters economic growth and community development.