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

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..