The study looks at the problems and potential of renovating slums in India, where an estimated 65 million people live in substandard circumstances. Traditional slum upgrading methods in India have concentrated on eliminating slums and moving residents, however this strategy frequently ignores the requirements of the community, resulting in social isolation and financial hardship for those affected. The study advocates for a quick and high-impact in-situ strategy to slum upgradation, in which existing slums and infrastructure are improved without relocating residents. Placemaking has been identified as a potentially useful strategy for involving the community in co-creating solutions that satisfy their needs and preferences while instilling a feeling of ownership and pride in their surroundings. The paper emphasizes the importance of placemaking in converting underutilized or neglected urban voids into usable and engaging public spaces, thereby lessening the negative impacts of overcrowding. Finally, The paper also suggests that a comprehensive plan for slum upgradation should integrate various types of placemaking techniques to address the ever-changing needs of the community and maintain the momentum of growth.