Tag: MHADA

Latest StoriesRegulatory

Nagpur: Mhada Alleges ₹1.39 Crore Fraud by Private Firm Director

NAGPUR: The Sitabuldi police have initiated a cheating case against Bhupendra Chandrikapure, the director of a private firm engaged by the Maharashtra Housing and Area Development Authority (Mhada) in October 2022 for selling unsold flats built under its schemes. The complaint, lodged by the deputy chief officer of the Nagpur Housing and Area Development Board, claims that Chandrikapure had no authorization to directly collect money from buyers. Nonetheless, between October 2022 and July 2025, he allegedly gathered significant sums from 44 beneficiaries by promising flats and home loans and charging additional fees for electricity connections and other amenities. The victims…

InfrastructureLatest Stories

Maharashtra Cabinet OKs Iconic City and MHADA Redevelopment Plans

MUMBAI: On Tuesday, the Maharashtra cabinet sanctioned a policy for concept-driven iconic city development, aimed at maximizing land utilization held by CIDCO and various authorities. It also approved the redevelopment of certain MHADA colonies. The meeting was headed by Chief Minister Devendra Fadnavis, according to an official release. The City and Industrial Development Corporation (CIDCO) leases land parcels for diverse purposes via auctions, permitting project construction under the lease and Development Control and Promotion Regulation (DCPR) 2020 guidelines. However, for land parcels controlled by multiple construction and development operators (CDOs), integrated township-style development is currently unfeasible, the CM’s office stated.…

IndustryLatest Stories

Mumbai: MHADA Lawyer’s Role in Girgaum Redevelopment Delay

MUMBAI: A confidential report from MHADA’s legal department has confirmed that the critical Section 79A notice issued to Parekh Estate Pvt Ltd has never been revoked. This contradicts earlier claims made by MHADA panel advocate Priyanka Chavan during a writ petition in front of the Bombay High Court this year. According to an internal memo dated November 14, 2025, “the 79A notice issued to the landlord…has not been revoked by this office.” It further indicates that there are no documents reflecting any revocation and that the matter falls under the jurisdiction of the Dy. Chief Engineer (Zone II), not the…

IndustryLatest Stories

Maharashtra Panel Approves Kamathipura Redevelopment Bid

Representative Image MUMBAI: The High Powered Committee of the state government has approved the Kamathipura Redevelopment Project. Mhada, acting as the nodal agency, has invited bids for this redevelopment under the Construction and Development Agency model. According to a Mhada survey, there are 800 old and dilapidated buildings in Kamathipura across 34 acres. Many of these structures are over a century old and beyond repair. Most of the properties, which are privately owned, are only 50 sq meters in size, making it financially unfeasible for landlords to initiate redevelopment. Consequently, the state has tasked Mhada’s Repair and Reconstruction Board with…

IndustryLatest Stories

Maharashtra Revamps Rules for Redevelopment Projects

MUMBAI: The Maharashtra government has announced proposed amendments to the Development Control and Promotion Regulations (DCPR) 2034 for Greater Mumbai, aimed at enhancing the feasibility and financial viability of redevelopment schemes under the Maharashtra Housing and Area Development Authority (MHADA). The proposal comes after MHADA approached the state government, requesting modifications to existing provisions to bolster the viability of its redevelopment projects. Currently, Regulation 31(3) permits builders to receive extra ‘fungible’ construction area, exempt from premium charges, based solely on the existing built-up area of a project. The government intends to expand this benefit to include the rehabilitation area, allowing…

Latest StoriesResidential

Maharashtra Deputy CM Suggests Policy for Redevelopment Safety

THANE: The state housing department is developing a new policy aimed at preventing redevelopment projects from halting midway and ensuring residents are not displaced without compensation. Deputy Chief Minister Eknath Shinde announced on Saturday that developers will be required to deposit three years’ rent before commencing any redevelopment work. Shinde stated, “Some builders initiate redevelopment projects, displace residents from their flats, and either fail to pay rent or delay construction. Occasionally, they even trade rights with other developers, resulting in stalled projects and inconvenience for residents.” He continued, “To counter this, we are implementing a policy requiring builders to deposit…

IndustryLatest Stories

Maharashtra Forms Committee for SVP Nagar Redevelopment Project

MUMBAI: The state government has established a high-powered committee, chaired by Additional Chief Secretary of Housing Aseem Gupta, to oversee the redevelopment project of 4,973 flats across 498 plots in Sardar Vallabhbhai Patel (SVP Nagar) Colony, Andheri. The committee also includes Mhada VP and CEO Sanjeev Jaiswal, an additional municipal commissioner of the BMC, and other Mhada officials. This land in Andheri West was allocated in 1993 under a World Bank initiative and comprises 98 cooperative housing societies, along with 24 high-income group apartment plots, 62 plots of 60 square meters each, and 245 plots measuring 100 square meters. Last…

IndustryLatest Stories

MHADA Updates Premium Rates for Redevelopment Projects

The Maharashtra Housing and Area Development Authority (MHADA) has approved a significant policy change aimed at enhancing the viability of redevelopment projects under its Mumbai Board. This change revises the method of calculating premium charges for commercial floor space. During a recent MHADA authority meeting, the decision was made to alter provisions from a previous resolution issued in June 2007. Previously, housing societies or developers redeveloping buildings within MHADA layouts were required to pay premiums calculated at 1.5 times the residential rate, with a minimum of 60% and a maximum of 142.5%. Developers expressed concerns that this structure hindered the…

Latest StoriesResidential

Mumbai: FIR Filed Against Shaad Realty Over 11 Years of Rent Issues

MUMBAI: Shakir Shah and his wife, Fatema Shah, have been caught in a state of uncertainty for over a decade. Redevelopment of their Mhada building in Mazgaon began in 2014, and while the project was completed over a year ago, the family has yet to receive transit rent. Moreover, they have not been given possession of the four flats valued around Rs 7 crore that were allocated to them. Allegedly, the developer, who took over after two prior companies exited the project, sold the flats to third parties. Based on Mhada’s complaint, the Byculla police have filed an FIR against…

Latest StoriesResidential

Pune: Lokmanyanagar Residents Divided on Development Plan

PUNE: Following opposition from a group of residents in Lokmanyanagar against a cluster development proposal along Shastri Road, another faction, represented by the Lokmanyanagar Rahivasi Sangh, has voiced its support, claiming it will contribute to the overall development of the area. During a press interaction on Thursday, these residents expressed their perspectives on the redevelopment of aging buildings. This issue gained attention after the state government halted redevelopment plans upon receiving a letter from local MLA Hemant Rasane advocating for cluster development. “Various media outlets have spotlighted this issue, leading to perceptions of irregularities tied to redevelopment and political maneuvers.…