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.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..