MHADA’s 925-acre Mumbai plan could attract ₹4 lakh crore investment



MUMBAI: The Maharashtra Housing and Area Development Authority (MHADA) aims to launch a redevelopment programme under its Construction & Development Agency (C&D) model, expected to attract investments of approximately ₹4 lakh crore in Mumbai, according to a senior official from the agency.

This initiative will facilitate the construction of roughly 75,000 rehabilitation tenements, about 30,000 housing units for MHADA, along with a significant saleable component to benefit private developers.

“This large-scale urban renewal initiative will cover around 925 acres across 11 projects, significantly revamping many older housing colonies and reshaping some of Mumbai’s most crowded neighborhoods. In total, these projects are set to assist 80,747 residents and represent one of the largest public-private redevelopment efforts in the country,” stated Sanjeev Jaiswal, Vice President and CEO of MHADA, in an interview with RealtyDailyNews.

MHADA has initiated the bidding process for three key redevelopment projects, including the 34.33-acre Adarsh Nagar in Worli, 98.27-acre Bandra Reclamation, and 73.89-acre Sardar Vallabhbhai Patel (SVP) Nagar in Andheri (West). Major corporate entities like Adani Group, Reliance Industries, Lodha Developers, and JSW Group have shown interest.

“The C&D model distinguishes itself from traditional developer-led redevelopment by prioritizing the needs of current residents. It includes provisions for transit rent support for qualifying families during the construction phase, as well as corpus funds for the long-term maintenance of the new housing portfolio, ensuring commitment to delivering modern and well-equipped homes,” Jaiswal explained.

His vision is to replace outdated housing with modern residential projects while causing minimal disruption to existing residents.

The involvement of large developers is regarded as an endorsement of the C&D model, which enlists private developers as Construction & Development Agencies for redevelopment tasks while MHADA maintains oversight and prioritizes the welfare of current residents.

“In addition to the three projects, MHADA’s redevelopment pipeline features Motilal Nagar in Goregaon—one of the largest urban renewal initiatives in the country, covering 143 acres—as well as Kamathipura, Abhyudaya Nagar, Kannamwar Nagar, GTB Nagar, and the PMGP cluster project in Jogeshwari. Other locations in Khar’s Ramkrishna Nagar, Borivali’s MHB Colony, Gorai, and Kandivali’s Charkop are also part of the redevelopment agenda,” he added.

These projects will be developed as integrated communities with upgraded infrastructure, open spaces, social amenities, and organized parking, as MHADA embarks on a comprehensive revitalization of Mumbai’s aging residential areas in the forthcoming years.

Mumbai’s push for redevelopment comes amidst challenges posed by aging housing stocks, increasing population density, and limited developable land, compelling policymakers to explore extensive renewal strategies.

Urban planners emphasize that fragmented redevelopment initiatives have struggled to achieve significant change, often hindered by funding issues, regulatory challenges, and the complex task of obtaining residents’ consent. This shift towards cluster-based redevelopment, backed by institutional authority, is increasingly viewed as a solution to unlock land value, enhance infrastructure, and create organized urban neighborhoods while tackling the city’s acute shortage of quality housing.

  • Published On Jun 23, 2026 at 09:18 AM IST

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