MHADA Plans 19,497 Housing Units in 2025-26

01 Apr 2025 CW Team

Major Budget Allocations and Key Projects MHADA recently revised its FY 2024–25 budget to Rs 109 billion and proposed a Rs 160 billion budget for FY 2025–26. Under this plan, Mumbai will see the construction of 5,199 housing units, backed by Rs 57 billion.

Mumbai Board Projects BDD Chawl Redevelopment (Worli, Naigaon, Parel) – Rs 28 billion

PMGP Colony (Jogeshwari East) – Rs 3.5 billion

Paridhi Khadi Redevelopment (Bandra West) – Rs 2 billion

Siddharth Nagar (Goregaon) – Rs 5.7 billion

Hostels at Jijamata Nagar (Parel) – Rs 200 million

Mill Workers’ Housing – Rs 570 million

Sanjay Gandhi National Park Rehabilitation – Rs 2 billion

Survey No. 160 Project (Borivali) – Rs 2 billion

Pahadi Goregaon Project – Rs 1.8 billion

Malvani Slum Improvement – Rs 500 million

Magathane Borivali Project – Rs 850 million

Eksar Borivali Coast Guard Housing – Rs 300 million

Patrachawl Redevelopment (Goregaon) – Rs 200 million

Housing Targets in Other Regions Konkan Board – 9,902 units (Rs 14 billion)

Pune Board – 1,836 units (Rs 5.8 billion)

Nagpur Board – 692 units (Rs 10 billion)

Chhatrapati Sambhajinagar – 1,608 units (Rs 2.3 billion)

Nashik Board – 91 units (Rs 860 million)

Amravati Board – 169 units (Rs 660 million)

Konkan and Nagpur Board Key Allocations Konkan Board

Healthcare center & housing (Thane) – Rs 150 million

100-bed senior citizen home & hostel (Thane) – Rs 300 million

Clubhouse & swimming pool (Virar) – Rs 340 million

Police housing redevelopment (Thane’s Vartak Nagar) – Rs 900 million

PMAY (Urban) Project (Gotegao) – Rs 1.2 billion

Nagpur Board

Chandrapur Special Planning Authority – Rs 3.7 billion

Textile Park Empress Mill Project – Rs 3.5 billion

Conclusion MHADA's extensive investment in housing projects across Maharashtra aims to enhance urban infrastructure and provide affordable housing to thousands of citizens. The redevelopment of BDD chawls, mill workers' housing, and slum improvement projects will significantly impact Mumbai's urban landscape, while expansions in Konkan, Pune, and Nagpur will boost regional development.

The Maharashtra Housing and Area Development Authority (MHADA) has set an ambitious target to construct 19,497 housing units across the state in the financial year 2025–26. This initiative, spanning Mumbai, Pune, Konkan, Nashik, Amravati, Chhatrapati Sambhajinagar, and Nagpur, comes with a budgetary allocation of Rs 92 billion under its approved annual budget. Major Budget Allocations and Key Projects MHADA recently revised its FY 2024–25 budget to Rs 109 billion and proposed a Rs 160 billion budget for FY 2025–26. Under this plan, Mumbai will see the construction of 5,199 housing units, backed by Rs 57 billion. Mumbai Board Projects BDD Chawl Redevelopment (Worli, Naigaon, Parel) – Rs 28 billion PMGP Colony (Jogeshwari East) – Rs 3.5 billion Paridhi Khadi Redevelopment (Bandra West) – Rs 2 billion Siddharth Nagar (Goregaon) – Rs 5.7 billion Hostels at Jijamata Nagar (Parel) – Rs 200 million Mill Workers’ Housing – Rs 570 million Sanjay Gandhi National Park Rehabilitation – Rs 2 billion Survey No. 160 Project (Borivali) – Rs 2 billion Pahadi Goregaon Project – Rs 1.8 billion Malvani Slum Improvement – Rs 500 million Magathane Borivali Project – Rs 850 million Eksar Borivali Coast Guard Housing – Rs 300 million Patrachawl Redevelopment (Goregaon) – Rs 200 million Housing Targets in Other Regions Konkan Board – 9,902 units (Rs 14 billion) Pune Board – 1,836 units (Rs 5.8 billion) Nagpur Board – 692 units (Rs 10 billion) Chhatrapati Sambhajinagar – 1,608 units (Rs 2.3 billion) Nashik Board – 91 units (Rs 860 million) Amravati Board – 169 units (Rs 660 million) Konkan and Nagpur Board Key Allocations Konkan Board Healthcare center & housing (Thane) – Rs 150 million 100-bed senior citizen home & hostel (Thane) – Rs 300 million Clubhouse & swimming pool (Virar) – Rs 340 million Police housing redevelopment (Thane’s Vartak Nagar) – Rs 900 million PMAY (Urban) Project (Gotegao) – Rs 1.2 billion Nagpur Board Chandrapur Special Planning Authority – Rs 3.7 billion Textile Park Empress Mill Project – Rs 3.5 billion Conclusion MHADA's extensive investment in housing projects across Maharashtra aims to enhance urban infrastructure and provide affordable housing to thousands of citizens. The redevelopment of BDD chawls, mill workers' housing, and slum improvement projects will significantly impact Mumbai's urban landscape, while expansions in Konkan, Pune, and Nagpur will boost regional development.

Real Estate

17 Sep 2025

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Infrastructure Energy

17 Sep 2025

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Infrastructure Energy

17 Sep 2025

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..