MHADA to Redevelop Bandra Reclamation and Adarsh Nagar Clusters
Real Estate

MHADA to Redevelop Bandra Reclamation and Adarsh Nagar Clusters

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

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement