State govt to take over Stalled Mumbai Redevelopment Projects

08 Jun 2023 CW Team

Chief Minister Eknath Shinde announced on Monday that the state government will intervene in stalled and abandoned redevelopment projects in Mumbai and oversee their execution with the assistance of financially robust government agencies. Speaking after launching the first phase of the cluster redevelopment scheme in Thane, Shinde described it as perhaps the largest redevelopment plan to be implemented in Asia.

"There are numerous projects in Mumbai that have been stagnant for decades, including those abandoned by developers who have shown no interest in completing them. Our government has made the decision to take charge of such projects with the help of well-funded agencies such as the BMC, MMRDA, Mhada, MSRDC, and Cidco, among others," stated Shinde.

He further explained that this initiative would greatly benefit residents, providing them access to their homes and enabling the return of those who have been forced to live in distant suburbs due to limited options in Mumbai.

Regarding the Thane cluster redevelopment project, Shinde emphasised that it would serve as a model for future schemes in the metropolitan region, including Mira-Bhayender, Kalyan-Dombivli, Ulhasnagar, and certain areas of Navi Mumbai.

Shinde revealed that the entire cluster project covers an expansive 1,500 hectares and encompasses 45 urban renewal plans. In the initial phase, 10,000 units will be constructed on government-owned land to ensure that residents can directly move into their homes without having to stay in temporary transit camps.

Meanwhile, the Shiv Sena UBT faction alleged that the cluster redevelopment plan was merely a political ploy to garner votes during elections. Shinde dismissed these claims, stating that the project's inauguration at this stage serves as a fitting response to skeptics.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..