Maharashtra Approves Redevelopment of 4,973 Flats in SVP Nagar, Andheri

24 Sep 2025 CW Team

The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, has approved the redevelopment of 4,973 flats across 498 plots in Sardar Vallabhbhai Patel (SVP) Nagar, Andheri (West). The project, to be executed through the Maharashtra Housing and Area Development Authority (MHADA), is among the largest redevelopment initiatives undertaken by the authority in Mumbai.

SVP Nagar, originally developed in 1993 under a World Bank-assisted housing scheme for Low Income Group (LIG) and Middle Income Group (MIG) families, spans hundreds of plots. The colony comprises:

98 cooperative housing societies
24 high-income apartment plots
62 individual plots (60 sq m each)
245 individual plots (100 sq m each)

With over 80 societies and 2,600+ families, the redevelopment plan will significantly transform the area.

Redevelopment of seven societies has already been completed, while three are under construction and agreements have been signed for another six societies. MHADA will now focus on redeveloping the remaining 82 societies, housing around 2,666 families.

Over the years, several buildings and chawls in SVP Nagar have become dilapidated, creating an urgent need for modernisation. The redevelopment aims to provide residents with spacious, contemporary apartments while improving safety and living standards.

Aligned with BMC’s Development Control Regulations (DCR), MHADA’s plan envisions a township-style layout featuring residential, recreational, educational, health, and commercial facilities. Despite its origins as affordable housing, SVP Nagar today also houses film production houses and an acting school, reflecting its unique cultural mix.

News source: The Indian Express

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..