MHADA approves redevelopment of old buildings in Mumbai

18 Nov 2021 CW Team

The Maharashtra Housing and Area Development Authority (MHADA) has approved the redevelopment of old buildings for increasing revenue levels from fees and premiums from April to August 2021.

The agency has collected Rs 1,171.86 crore from this process, against Rs 261.38 crore during the same period last year.

Since the beginning of the Covid-19 pandemic, MHADA has collected more than Rs 1,433 crore as a total revenue collection from housing agencies. From April 2020 and August 2021, MHADA has approved 193 redevelopment projects, compared to 162 projects between 2017-2020.

According to MHADA officials, the fast approvals and 50% discount on premiums offered by the state government has helped the builders, and it was a reason behind the push for redevelopment.

Builders pay a premium to MHADA for getting more construction space and concession in rules of having large open spaces and staircases.

Minister of Housing Jitendra Awhad said that he was pushing fast redevelopment of oil and dilapidated MHADA-led buildings and the agency asked to issue an offer letter in a time-bound way.

He added that the agency had cleared many stalled projects and had given out offer letters, making way for many redevelopment projects, including Patra Chawl, Chikhalwadi, Motilal Nagar and BDD chawls. People living in old buildings will get new homes due to the fast-track redevelopment approvals.

There are nearly 14,000 old buildings in the city, and many require a quick redevelopment.

Image Source

Also read: MHADA approves redevelopment of Old Chikhalwadi chawl in Mumbai

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..