The Maharashtra Housing and Area Development Authority (MHADA) has officially moved forward with the long-awaited redevelopment of the Abhyudaya Nagar colony in Kalachowki after issuing the Letter of Acceptance (LoA) to the selected developer consortium.
The project has been awarded to a consortium comprising M.G.N. Agro Properties Pvt. Ltd., N.N.P. Buildcon Pvt. Ltd., and Onest Shelters Pvt. Ltd. Under the approved redevelopment plan, residents currently living in 210 sq ft carpet area homes will receive newly constructed flats measuring 641 sq ft carpet area each.
MHADA Vice President and Chief Executive Officer Sanjeev Jaiswal handed over the LoA to the successful bidders. The redevelopment proposal had earlier received approval from the Maharashtra Cabinet during a meeting held on February 27, 2024. Subsequently, the Housing Department issued a Government Resolution on March 6, 2026, allowing the project to proceed under Development Control Regulation (DCR) 33(5) through the Construction and Development (C&D) model.
Spread across nearly 33 acres in Kalachowki, the Abhyudaya Nagar colony currently consists of 48 ageing buildings housing around 3,410 units, including 3,335 residential tenements and 75 non-residential premises.
MHADA officials said the redevelopment had remained pending for several years before the Mumbai Board was entrusted with executing the project through the C&D framework.
The initial tender process, which included conditions suggested by then Deputy Chief Minister and current Chief Minister Devendra Fadnavis, failed to attract bidders despite repeated extensions. Following this, a joint meeting chaired by Fadnavis was held at Sahyadri Guest House on April 11, 2025, involving local representatives, MHADA officials, and members of the Abhyudaya Nagar Federation.
After discussions, several tender conditions were revised, and the bidding process was reopened.
Under the updated terms, residents will also receive one parking space per tenement, a corpus fund of ₹5 lakh each, and monthly rent compensation of Rs 25,000 from the developer until possession of the new homes is handed over.
Source: The Free Press Journal
