MHADA Issues Kamathipura Redevelopment Tender in South Mumbai

16 Jun 2025 CW Team

The Maharashtra Housing and Area Development Authority (MHADA) has floated a tender for the long-awaited cluster redevelopment of Kamathipura in South Mumbai. The project will be undertaken through MHADA’s Mumbai Building Repairs and Reconstruction Board.

The selected developer will receive rights to develop approximately 5.67 lakh square metres (6.1 million square feet) of free-sale area. As part of the agreement, the bidder must also construct rehabilitation units for existing tenants and hand over 44,000 square metres of land to MHADA to expand its affordable housing stock.

The 34-acre land parcel houses 8,001 residential and commercial tenants, many of whom reside in ageing, dilapidated “cess buildings.” In addition to housing, the redevelopment plan includes commercial spaces and recreational facilities.

After delays stemming from compensation issues for the area’s roughly 800 private landowners, the state government approved a finalised compensation scheme in July 2024. Under this, landowners with 50 square metres of land will be allotted a 500 sq ft flat, with additional units allocated for larger holdings.

Property market sources indicate that the area’s prevailing rates range from Rs 40,000 to Rs 45,000 per sq ft. Based on this, the free-sale component of the project could generate up to Rs 30,000 crore in revenue.

While the project may attract large, equity-backed developers, challenges remain. These include the need to relocate commercial activities, the permanent nature of most existing structures, and the social impact of tenant displacement. Additionally, the area’s limited infrastructure and road width could pose logistical difficulties, despite improved metro connectivity expected in the coming years.

News source: Money Control

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..