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MMRDA seeks Rs 200 bn loans for Mumbai infrastructure projects

The Mumbai Metropolitan Region Development Authority (MMRDA) is embarking on a quest for Rs 200 billion in loans to fuel the implementation of a diverse array of infrastructure projects across the sprawling Mumbai Metropolitan Region. With an expenditure estimate of Rs 287.05 billion earmarked for the current fiscal year (2023-24),

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State of transit camps leave BDD chawl residents fuming

More than 2400 families from tenements of BDD chawls, have shifted to transit camps over the past year. This is less than half of the number of 5104 tenements meant to be relocated in the Phase-I of the relocation process. While many families from over 16,000 houses will be relocated

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MMRDA seeks Rs 20,000cr loans to fund infra projects in Mumbai region, ET Infra

Mumbai Metropolitan Region Development Authority (MMRDA) has initiated steps to seek loans totalling Rs 20,000 crore to finance various infrastructure projects planned across the Mumbai Metropolitan Region.MMRDA has earmarked an expenditure of Rs 28,705 crore for multiple infrastructure projects, including the Metro corridors, Mumbai Trans Harbour Link, Versova-Vasai Sea Bridge

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Navi Mumbai slums to be developed under SRA scheme

As many as 38,000 homes across slum areas of Digha, Nerul and Shivaji Nagar in Navi Mumbai will be rehabilitated under the Slum Rehabilitation Authority (SRA) scheme.Minister for industries Uday Samant has given in-principle approval for rehabilitation of slums. The decision was taken at a meeting held at Mantralaya on

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NMMC to refurbish three old foot over bridges

The Navi Mumbai Municipal Corporation has decided to refurbish three Foot over Bridges (FOB) at Vashi and Koparkhairane, which were in bad condition, following such a demand by residents who continue to use them. The city engineering department has worked out a nearly 6 cr proposal to revive three of

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BDD chawl redevelopment: Bumpy road to a better life

The redevelopment of the historic Bombay Development Directorate (BDD) chawls in Central Mumbai has been in the news for the longest time. But it is finally underway and will be one of the biggest relocation and redevelopment exercises in the city. The cluster of buildings has over 16,000 families in

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MUMBAI NOW HOME TO WORLD’S TALLEST SRA TOWERS

In a major SRA housing milestone, Mumbai-based redevelopment major Omkar Realtors has commenced delivery of rehab homes in the world’s tallest rehabilitation towers at the iconic Dhobi Ghat (Mahalaxmi), Mumbai. Around 1000 families have started getting their new homes along with 19 retail units in Phase 1 at Saibaba Nagar,

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