MHADA to Redevelop Bandra Reclamation and Adarsh Nagar Clusters

09 Apr 2025 CW Team

The redevelopment will be carried out under a Floor Space Index (FSI) of 4, with one FSI reserved for creating additional housing stock for MHADA. In Bandra Reclamation, the redevelopment area spans 2,12,042 square feet and includes 52 buildings comprising 1,688 flats ranging from 322 to 825 square feet. Post-redevelopment, residents are expected to receive upgraded homes with sea views, and the total additional built-up area for residents will be 5,04,515 square metres. MHADA will receive 1,00,190 square metres of housing stock and a premium of Rs 42.66 billion.

In Adarsh Nagar, Worli—located behind the Worli Fire Station—the redevelopment will cover 68,034 square metres. It consists of 58 buildings and 863 flats ranging between 270 and 860 square feet. The redevelopment will yield 89,557 square metres of additional built-up area for residents and 14,632 square metres for MHADA. The project is expected to generate a premium of Rs 6.80 billion.

The selected developer must be approved by at least 51 per cent of tenants and will be responsible for providing alternative accommodation, rental support, a corpus fund, and basic amenities to the original residents. This initiative is part of MHADA’s broader plan to carry out integrated redevelopment across its 56 colonies in Mumbai, including areas like Pant Nagar, Tagore Nagar, Kannamwar Nagar, Motilal Nagar, and Tilak Nagar.

News source: Hindustan Times

The Maharashtra state cabinet has approved a proposal permitting the Maharashtra Housing and Area Development Authority (MHADA) to undertake redevelopment of its residential buildings in Bandra Reclamation and Adarsh Nagar, Worli. MHADA will serve as the nodal agency for these projects and will manage both the design and construction. Housing societies within these locations will not be allowed to initiate or choose separate redevelopment plans. A private developer will be appointed by MHADA to execute the projects. The redevelopment will be carried out under a Floor Space Index (FSI) of 4, with one FSI reserved for creating additional housing stock for MHADA. In Bandra Reclamation, the redevelopment area spans 2,12,042 square feet and includes 52 buildings comprising 1,688 flats ranging from 322 to 825 square feet. Post-redevelopment, residents are expected to receive upgraded homes with sea views, and the total additional built-up area for residents will be 5,04,515 square metres. MHADA will receive 1,00,190 square metres of housing stock and a premium of Rs 42.66 billion. In Adarsh Nagar, Worli—located behind the Worli Fire Station—the redevelopment will cover 68,034 square metres. It consists of 58 buildings and 863 flats ranging between 270 and 860 square feet. The redevelopment will yield 89,557 square metres of additional built-up area for residents and 14,632 square metres for MHADA. The project is expected to generate a premium of Rs 6.80 billion. The selected developer must be approved by at least 51 per cent of tenants and will be responsible for providing alternative accommodation, rental support, a corpus fund, and basic amenities to the original residents. This initiative is part of MHADA’s broader plan to carry out integrated redevelopment across its 56 colonies in Mumbai, including areas like Pant Nagar, Tagore Nagar, Kannamwar Nagar, Motilal Nagar, and Tilak Nagar. News source: Hindustan Times

Infrastructure Urban

05 Nov 2025

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..

Infrastructure Energy

05 Nov 2025

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..

Infrastructure Urban

05 Nov 2025

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..