Breaking Free from MHADA’s Slow Redevelopment Cycle
The Mishra family has lived in a 220-square-foot room in a housing community in Kalachowkie in Parel for three generations. Radheshyam Mishra moved in with his family of seven in 1991 when he was 32 years old. Although it was difficult, the Mishras were glad to live in a city with some of the priciest […]
NAREDCO Seeks 5,000 Slum Redevelopment Projects from State
The National Real Estate Development Council (NAREDCO) has formally asked the state government authorities to assign 5,000 slum redevelopment projects to the industry group, in response to Maharashtra Housing Minister Atul Save’s call for real estate developers to participate in the state government’s slum redevelopment process through various agencies. The minister made this urgent appeal […]
Bombay HC Approves Redevelopment of 25 Housing Societies at Sion’s GTB Nagar
The Bombay High Court rejected a challenge filed by Navi Mumbai-based developer Lakhani Housing Corporation, opening the way to renovate 25 housing societies in Sion’s GTB Nagar. The Maharashtra Housing and Area Development Authority (MHADA), which has been designated as the project’s special planning authority, will now oversee the reconstruction of the 11.20-acre site. A […]
Bombay HC Greenlights Redevelopment of 25 Societies in GTB Nagar, Sion
The Bombay High Court rejected a challenge filed by Navi Mumbai-based developer Lakhani Housing Corporation, opening the way for the renovation of 25 housing societies in Sion’s GTB Nagar. The Maharashtra Housing and Area Development Authority (MHADA), which has been designated as the project’s special planning authority, will now oversee the 11.20-acre site’s reconstruction. A […]
MHADA Faces Legal Heat Over Redevelopment Scam Losses
The housing body has failed to collect compensation from developers, even though the public Anti Corruption Bureau (ACB) has found proof that MHADA officials and developers conspired and caused a loss to the public exchequer in the redevelopment of the city’s cessed structures. In the meantime, MHADA has petitioned the Supreme Court (SC) to reverse […]
Is Dubai’s growing Real Estate sector following in Mumbai’s footsteps?
With sales of AED 141.9 billion in Q3 2024 and a 43.9 percent YoY rise in the sales value of apartments over Q3 2023 (according to a recent DXB Interact research), Dubai’s real estate market demonstrates stability and development, cementing Dubai’s position as a prominent, secure investment destination. These strong results only illustrate the market’s […]
MHADA’s Failure to Recover Losses in Redevelopment Scams Faces Legal Action
Despite the State Anti-Corruption Bureau (ACB) finding prima facie evidence that MHADA officials and developers conspired to create a loss to the state exchequer in the redevelopment of the city’s cessed structures, the housing body has failed to recoup compensation from developers. Meanwhile, MHADA has petitioned the Supreme Court (SC) to reverse the Bombay High […]
BG Shirke to Build Affordable Housing in Goregaon
BG Shirke Construction Technology has got the contract to build low- and middle-income group (LIG) residential tenements in Mumbai’s Goregaon neighbourhood. The company was the lowest bidder in the process, winning the contract to develop the affordable housing units. The project encompasses turnkey work, which includes planning, design, and construction. Furthermore, it entails getting the […]
MHADA Takes Charge of Kamathipura Renewal in South Mumbai
Kamathipura, Mumbai’s storied district, breathes a rich fabric of history, with cultural, political, and literary strands ingeniously woven together. This location, rich in historical echoes, has been a nursery for geniuses such as Namdeo Dhasal, the Marathi poet whose boyhood in these poor chawls inspired the sorrowful verses of his acclaimed collection, ‘Golpitha’. Shahir Amar […]
Cluster Redevelopment in the Spotlight: MHADA Promotes New Approach for Mumbai
Sanjeev Jaiswal, Vice President and CEO of the Maharashtra Housing and Area Development Authority (MHADA), emphasised the significance of redevelopment activities during his remarks at the CREDAI-MCHI Redeveloping Mumbai exhibition at the Bandra Kurla Complex. He stated that MHADA has issued roughly 850 notifications under Section 79(A), 300 notices under Section 79(B), and 70 to […]