Mumbai’s Redevelopment Boom Faces Challenges Despite Rs 3 Lakh Crore Opportunity
The lack of greenfield land has made redevelopment the primary method used by Mumbai’s real estate developers to get land. According to market observers, one in three new launches in Mumbai come from redevelopment projects, which include housing societies, MHADA structures, and slums. These projects represent a potential of Rs 3 lakh crore. Nevertheless, despite […]
Adani Realty Expands Mumbai Presence With Motilal Nagar Redevelopment
Real estate analysts say the Adani Group is quickly emerging as a “power hub” in Mumbai’s sizable real estate market, especially in the redevelopment sector. It secured its third significant redevelopment project in the city through the massive Motilal Nagar redevelopment project in Goregaon (West), which was overseen by the Maharashtra Housing and Area Development […]
Bombay High Court Clears MHADA’s Redevelopment Plan For Motilal Nagar
The Maharashtra Housing and Area Development Authority (MHADA) has been given permission by the Bombay High Court to use a construction and development agency (C&DA) to redevelop the expansive 143-acre Motilal Nagar in Goregaon. The goal of this long-delayed project is to create a comprehensive rehabilitation that guarantees residents better infrastructure and orderly layout. A […]
MHADA Revives 17 Stalled Slum Redevelopment Projects Across Mumbai
In response to an order from the state government, the Maharashtra Housing and Area Development Authority (MHADA) has started to revive 17 Slum Rehabilitation Authority (SRA) projects that have been postponed throughout Mumbai. According to MHADA Vice-President and CEO Sanjeev Jaiswal, among these, the Sai Baba Housing Society in Jogeshwari has already gotten a Letter […]
Mumbai’s Redevelopment Wave Attracts Over INR 6,000 Crore In Investments
Redevelopment projects in Mumbai are rapidly increasing, changing the city’s urban landscape and meeting housing demands. The project by Arkade Developers to renovate the Nutan Ayojan Cooperative Housing Society in Malad West is a perfect illustration. With a projected gross development value (GDV) of over INR 740 crore and a total area of 6,858.90 square […]
Mumbai’s Redevelopment Push Creates Opportunities & Challenges
The Maharashtra government has started auditing 13,000 old and outdated buildings for possible reconstruction, which is expected to bolster Mumbai’s real estate market. In order to evaluate these “cessed” buildings—structures constructed prior to September 1969 for which Mhada receives a repair cess—the Maharashtra Housing and Area Development Authority (Mhada) has hired structural specialists. To aid […]
MHADA Chief Sanjeev Jaiswal Directs Fast-Tracking Of Slum Redevelopment
Sanjeev Jaiswal, IAS, the vice president and chief executive officer of the Maharashtra Housing and Area Development Authority (MHADA), has instructed officials to expedite the completion of 17 slum rehabilitation projects being carried out in partnership with the Slum Rehabilitation Authority (SRA). Jaiswal stressed the necessity of concerted efforts to expedite the tendering process, administrative […]
MHADA Reclaims Rs 2,000 Crore Land In Juhu-Andheri, Clears Unauthorised Encroachments
After clearing out unauthorised structures, including shanties, the Mumbai Housing and Area Development Board (MHADB), a division of the Maharashtra Housing and Area Development Authority (MHADA), reclaimed eight acres of prime land in the Juhu-Andheri area. The clearance operation came after a Bombay High Court decision earlier this month that permitted the authorities to carry […]
MHADA Ramps Up Structural Audits And Redevelopment Efforts Under Maharashtra’s 100-Day Action Plan
The Maharashtra Housing and Area Development Authority (MHADA) has set a goal to finish the structural examination of 1,300 cessed structures in Mumbai within the next year as part of the Maharashtra government’s ambitious 100-day action plan. According to MBRRB Chief Officer Milind Shambharkar, 500 buildings have been given priority for evaluation under this program; […]
MHADA Chief Pushes For Faster Execution Of 17 Slum Redevelopment Projects
Sanjeev Jaiswal, the CEO and vice president of the Maharashtra Housing and Area Development Authority (MHADA), has instructed authorities to expedite work on 17 slum redevelopment projects being carried out in partnership with the Slum Rehabilitation Authority (SRA). Emphasising swift action, Jaiswal urged both agencies to coordinate efforts on key aspects such as slum dweller […]