MHADA Issues Letter Of Acceptance For Abhyudaya Nagar Redevelopment

11 May 2026 CW Team

Under the approved cluster redevelopment plan residents occupying 210 sq ft carpet area tenements will receive new flats with a carpet area of 641 sq ft each. The colony spans 33 acres and comprises 48 buildings with 3,410 tenements in total, including 3,335 residential units and 75 non?residential premises. The project will be implemented under the Construction and Development model authorised by Development Control Regulation 33(5).

The Maharashtra Cabinet approved the redevelopment proposal on 27 February 2024 and the Housing Department issued a government resolution on 6 March 2026 to proceed with the project. Initial tender conditions were revised after consultations led by the then Deputy Chief Minister and current Chief Minister Devendra Fadnavis, following a joint meeting at Sahyadri Guest House on 11 April 2025 with local representatives and MHADA officials. Revisions were intended to attract bidders after an earlier tender failed to secure responses despite multiple extensions.

The revised conditions include one parking space for each tenement holder, a corpus fund of Rs 0.5 million (mn) for each resident and monthly rent compensation of Rs 25,000 per tenement holder from the developer until completion of the redevelopment. The consortium selected through the revised tender process will be responsible for construction, phasing and rehabilitation of displaced residents as per the approved terms. MHADA will monitor compliance with the tender conditions and project milestones through the Mumbai Board.

The redevelopment is aimed at replacing ageing structures and improving living conditions while preserving tenure rights and providing compensation and amenities. Resident allocations, parking provisions and financial assistance have been incorporated into the contractual obligations of the developer consortium. Further administrative steps will follow as the consortium begins mobilisation and detailed planning.

The Maharashtra Housing and Area Development Authority (MHADA) has issued a Letter of Acceptance to a developer consortium for the cluster redevelopment of Abhyudaya Nagar colony in Kalachowki. The LoA was handed over by MHADA Vice President and Chief Executive Officer Sanjeev Jaiswal. The appointment follows a tender process overseen by the MHADA Mumbai Board and the State Government's High?Powered Committee. Under the approved cluster redevelopment plan residents occupying 210 sq ft carpet area tenements will receive new flats with a carpet area of 641 sq ft each. The colony spans 33 acres and comprises 48 buildings with 3,410 tenements in total, including 3,335 residential units and 75 non?residential premises. The project will be implemented under the Construction and Development model authorised by Development Control Regulation 33(5). The Maharashtra Cabinet approved the redevelopment proposal on 27 February 2024 and the Housing Department issued a government resolution on 6 March 2026 to proceed with the project. Initial tender conditions were revised after consultations led by the then Deputy Chief Minister and current Chief Minister Devendra Fadnavis, following a joint meeting at Sahyadri Guest House on 11 April 2025 with local representatives and MHADA officials. Revisions were intended to attract bidders after an earlier tender failed to secure responses despite multiple extensions. The revised conditions include one parking space for each tenement holder, a corpus fund of Rs 0.5 million (mn) for each resident and monthly rent compensation of Rs 25,000 per tenement holder from the developer until completion of the redevelopment. The consortium selected through the revised tender process will be responsible for construction, phasing and rehabilitation of displaced residents as per the approved terms. MHADA will monitor compliance with the tender conditions and project milestones through the Mumbai Board. The redevelopment is aimed at replacing ageing structures and improving living conditions while preserving tenure rights and providing compensation and amenities. Resident allocations, parking provisions and financial assistance have been incorporated into the contractual obligations of the developer consortium. Further administrative steps will follow as the consortium begins mobilisation and detailed planning.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

Infrastructure Urban

11 May 2026

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Infrastructure Urban

11 May 2026

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..