+
Maha urban development body removes reservation for plot in Mumbai
Real Estate

Maha urban development body removes reservation for plot in Mumbai

The State Urban Development Department has taken out the reservations for green belt and a garden/park, paving the way for full-fledged construction on a prime 2.5-acre Nepean Sea Road plot in south Mumbai.

Nepean Sea is one of the most expensive residential zones in the country, where new apartments have prices as high as Rs 1.25 lakh per sq ft.

The sea-facing plot close to the Priyadarshini Park is encroached by around 650 shanties and is owned by a private developer, Esarac Construction. Nirmal Kumar Chaudhari, the undersecretary, signed the notification issued on April 12, 2021, which says that the land is reserved for government staff quarters, but this is only half the story.

Removing reservations means that the plot may also be redeveloped under the Slum Rehabilitation Authority (SRA) scheme. The builder can now avail massive development benefits to increase luxury towers instead of rehabilitating slum dwellers free of cost on a portion of the plot. It is the only change of reservation carried out in the entire D ward—where this project is mentioned—in the city’s new development plan.

The property market sources told the media that this is the first case in Mumbai where open space reservation of land encroached by slums has been deleted. The authorities allowed slum rehab construction earlier on 65% of the plot while leaving the remaining portion for public open spaces. It will open Pandora’s box.

Because of the removal of reservations for open public spaces, the potential of development of the plot is now worth several thousand crores. The notice of the Urban Development Department said that it approved the new plan on the Nepean Sea Road plot after following the process of inviting “objections and suggestions” and consulting the director of town planning.

Image Source

Also read: MHADA to take up redevelopment of Patra Chawl in Goregaon

Also read: Slum redevelopment on Mumbai airport land gets state govt approval

The State Urban Development Department has taken out the reservations for green belt and a garden/park, paving the way for full-fledged construction on a prime 2.5-acre Nepean Sea Road plot in south Mumbai. Nepean Sea is one of the most expensive residential zones in the country, where new apartments have prices as high as Rs 1.25 lakh per sq ft. The sea-facing plot close to the Priyadarshini Park is encroached by around 650 shanties and is owned by a private developer, Esarac Construction. Nirmal Kumar Chaudhari, the undersecretary, signed the notification issued on April 12, 2021, which says that the land is reserved for government staff quarters, but this is only half the story. Removing reservations means that the plot may also be redeveloped under the Slum Rehabilitation Authority (SRA) scheme. The builder can now avail massive development benefits to increase luxury towers instead of rehabilitating slum dwellers free of cost on a portion of the plot. It is the only change of reservation carried out in the entire D ward—where this project is mentioned—in the city’s new development plan. The property market sources told the media that this is the first case in Mumbai where open space reservation of land encroached by slums has been deleted. The authorities allowed slum rehab construction earlier on 65% of the plot while leaving the remaining portion for public open spaces. It will open Pandora’s box. Because of the removal of reservations for open public spaces, the potential of development of the plot is now worth several thousand crores. The notice of the Urban Development Department said that it approved the new plan on the Nepean Sea Road plot after following the process of inviting “objections and suggestions” and consulting the director of town planning. Image Source Also read: MHADA to take up redevelopment of Patra Chawl in Goregaon Also read: Slum redevelopment on Mumbai airport land gets state govt approval

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?