Motilal Nagar involved in controversy over MHADA's tender document

16 Dec 2021 CW Team

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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..