Builders protest against MHADA's proposal document

16 Dec 2021 CW Team

MHADA has added a clause saying only developers with a net worth of not less than Rs 9,000 crore as of March 31, 2021, can be allowed. It is known that the two leading developers, Godrej Properties and Prestige Group, have written protest letters to MHADA. The last day to present the proposals is Monday for the Rs 28,000 crore project spread over 143 acres, including Motilal Nagar I, II and III. Some of Mumbai's top developers told the media that they would not be able to take part due to this clause.

A top Mumbai-based developer, not wishing to be named, told the media that the bid conditions are planned to eliminate all Mumbai developers and appears to prefer a company that has no experience in redevelopment.

The financial power of the proposal, wherein the qualifying factor for the construction and development agency is to hold a net worth of Rs 9000 crore, is not just discriminatory but will exclude several intending bidders, comprising them, from taking part in the proposal. It will additionally act as an unnecessary benefit to a handful of entities who may not even have the requisite on-ground experience to render housing, accommodation or rehabilitation, as per the Godrej Properties letter. It further said that the proposal in its current form will open avenues for monopolistic efforts, which is additionally against the public policy of India.

It is legitimate anticipation from a government undertaking to render a level playing field during the tendering process, which guarantees healthy competition amongst bidders to deliver results in the best interest of the general public. And in the instant case to secure housing for slum dwellers or tenants for whom it is a subject of survival. It asked MHADA to reasonably lower or relax the rules to allow more bidders to take part which will entail better prospects for existing dwellers and MHADA.

Image Source

Mumbai's greatest redevelopment project, Motilal Nagar in Goregaon (West), is mired in controversy amidst claims that the state housing authority (MHADA) has tailor-made the proposal document to keep most builders out. MHADA has added a clause saying only developers with a net worth of not less than Rs 9,000 crore as of March 31, 2021, can be allowed. It is known that the two leading developers, Godrej Properties and Prestige Group, have written protest letters to MHADA. The last day to present the proposals is Monday for the Rs 28,000 crore project spread over 143 acres, including Motilal Nagar I, II and III. Some of Mumbai's top developers told the media that they would not be able to take part due to this clause. A top Mumbai-based developer, not wishing to be named, told the media that the bid conditions are planned to eliminate all Mumbai developers and appears to prefer a company that has no experience in redevelopment. The financial power of the proposal, wherein the qualifying factor for the construction and development agency is to hold a net worth of Rs 9000 crore, is not just discriminatory but will exclude several intending bidders, comprising them, from taking part in the proposal. It will additionally act as an unnecessary benefit to a handful of entities who may not even have the requisite on-ground experience to render housing, accommodation or rehabilitation, as per the Godrej Properties letter. It further said that the proposal in its current form will open avenues for monopolistic efforts, which is additionally against the public policy of India. It is legitimate anticipation from a government undertaking to render a level playing field during the tendering process, which guarantees healthy competition amongst bidders to deliver results in the best interest of the general public. And in the instant case to secure housing for slum dwellers or tenants for whom it is a subject of survival. It asked MHADA to reasonably lower or relax the rules to allow more bidders to take part which will entail better prospects for existing dwellers and MHADA. Image Source

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..