MHADA to develop long-delayed project in Mumbai’s Goregaon
Real Estate

MHADA to develop long-delayed project in Mumbai’s Goregaon

The Maharashtra Housing Area Development Authority (MHADA) will get around 4 lakh sq ft built-up area for construction of a project which has been stuck for almost a decade.

The development of the remaining land will be a cluster development, the Housing Minister, Jitendra Awhad, told the media.

The state cabinet decided that MHADA will be the developer of Siddharth Nagar, Patra Chawl in Goregaon West, where the work is closed for a decade.

The state cabinet decided to allow MHADA to sell flats at market prices. It will enable MHADA to recover the cost it will incur in the redevelopment for the tenants. It will have to raise funds for the redevelopment by making provision in its budget.

The former chief secretary, Johny Joseph, recommended MHADA to carry out its redevelopment. The report urged all the 672 tenants to be rehabilitated and rent to be paid to them. The 306 lottery winners will be allotted homes after completion of the construction work.

The tenants will be paid the rents for which they have not been paid. About 60% of the construction work is completed, and the flats will be available to the tenants in the next two years, Awhad said.

According to the committee's recommendations, MHADA will have to appoint a committee of its three representatives and two experts. The committee will calculate the quantity of Floor Space Index (FSI) used by the developers, dues owed to MHADA, construction cost, project revenue, and it will ensure that while recovering the debt from the developers, the housing authority faces no loss.

Image Source


Also read: MahaRERA demands to make information about flats sold public

Also read: Maharashtra town planning body puts 182 Navi Mumbai plots on block

The Maharashtra Housing Area Development Authority (MHADA) will get around 4 lakh sq ft built-up area for construction of a project which has been stuck for almost a decade. The development of the remaining land will be a cluster development, the Housing Minister, Jitendra Awhad, told the media. The state cabinet decided that MHADA will be the developer of Siddharth Nagar, Patra Chawl in Goregaon West, where the work is closed for a decade. The state cabinet decided to allow MHADA to sell flats at market prices. It will enable MHADA to recover the cost it will incur in the redevelopment for the tenants. It will have to raise funds for the redevelopment by making provision in its budget. The former chief secretary, Johny Joseph, recommended MHADA to carry out its redevelopment. The report urged all the 672 tenants to be rehabilitated and rent to be paid to them. The 306 lottery winners will be allotted homes after completion of the construction work. The tenants will be paid the rents for which they have not been paid. About 60% of the construction work is completed, and the flats will be available to the tenants in the next two years, Awhad said. According to the committee's recommendations, MHADA will have to appoint a committee of its three representatives and two experts. The committee will calculate the quantity of Floor Space Index (FSI) used by the developers, dues owed to MHADA, construction cost, project revenue, and it will ensure that while recovering the debt from the developers, the housing authority faces no loss. Image Source Also read: MahaRERA demands to make information about flats sold public Also read: Maharashtra town planning body puts 182 Navi Mumbai plots on block

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement