NEW DELHI: The Maharashtra Housing and Area Development Authority (MHADA) has finalized crucial agreements to expedite the redevelopment of the Guru Tegh Bahadur (GTB) Nagar housing cluster located at Sion Koliwada in Mumbai.
All cooperative housing societies participating in the initiative have signed a tripartite development agreement with MHADA and the selected construction and development agency (C&DA). Furthermore, a construction-cum-development agreement has been established, paving the way for the implementation stage of the project.
The redevelopment will span approximately 11.2 acres and will serve around 1,200 eligible residents. The area previously contained 25 buildings that were deemed unsafe by the Brihanmumbai Municipal Corporation in 2020 and subsequently demolished, necessitating the relocation of residents.
The project, developed under Development Control Regulation 33(9), will feature a minimum floor space index (FSI) of 4.5, including fungible FSI.
According to the plan, three residential towers, ranging from 39 to 48 storeys, will be constructed. Eligible residents will receive self-contained units measuring 635 sq ft.
Upon issuance of the commencement certificate by the relevant authority, eligible residents will be granted monthly rent compensation of ₹20,000 throughout the construction phase. MHADA will also manage and maintain the completed buildings for five years post-project completion.
This redevelopment marks MHADA’s first project on private land under the construction-and-development agency model.
The state cabinet approved the redevelopment under Regulation 33(9) via a construction and development agency in February 2024. Following this, a government resolution later that month appointed MHADA as the special planning authority for the project.
