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

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..