Motilal Nagar involved in controversy over MHADA's tender document
Real Estate

Motilal Nagar involved in controversy over MHADA's tender document

Motilal Nagar in Goregaon, which is the largest redevelopment project, is involved in controversy in allegations that the Maharashtra Housing and Area Development Authority (MHADA) has customized the tender document to keep away most of the builders.

MHADA has applied a condition that the net worth of the developers of not less than Rs 9,000 crore as of 31 March can qualify. According to a report, two developers, including Godrej Properties Limited and Prestige Group, have protested against MHADA.

The last date to submit the bids for the Rs 28,000 crore project was December 13. The project is spread across 143 acres of land, including Motilal Nagar I, II and III.

According to a Mumbai-based developer, the tender conditions are designed in a way to exclude all the Mumbai developers and favour a developer with no experience in redevelopment projects.

MHADA floated the tender under the public-private partnership (PPP) mode to rehabilitate 3,717 MHADA tenants and 1,600 slum dwellers.

Motilal Nagar was built earlier in the 1960s as a rehabilitation and resettlement colony for those people who were displaced from the different locations and suburbs in the city.

Image Source

Also read: MHADA approves redevelopment of old buildings in Mumbai

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

Motilal Nagar in Goregaon, which is the largest redevelopment project, is involved in controversy in allegations that the Maharashtra Housing and Area Development Authority (MHADA) has customized the tender document to keep away most of the builders. MHADA has applied a condition that the net worth of the developers of not less than Rs 9,000 crore as of 31 March can qualify. According to a report, two developers, including Godrej Properties Limited and Prestige Group, have protested against MHADA. The last date to submit the bids for the Rs 28,000 crore project was December 13. The project is spread across 143 acres of land, including Motilal Nagar I, II and III. According to a Mumbai-based developer, the tender conditions are designed in a way to exclude all the Mumbai developers and favour a developer with no experience in redevelopment projects. MHADA floated the tender under the public-private partnership (PPP) mode to rehabilitate 3,717 MHADA tenants and 1,600 slum dwellers. Motilal Nagar was built earlier in the 1960s as a rehabilitation and resettlement colony for those people who were displaced from the different locations and suburbs in the city. Image Source Also read: MHADA approves redevelopment of old buildings in Mumbai Also read: MHADA approves redevelopment of Old Chikhalwadi chawl in Mumbai

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement