Tag: Mumbai housing projects

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MHADA Approves Consortium for 33-Acre Abhyudaya Nagar Project

The Maharashtra Housing and Area Development Authority (MHADA) has granted a letter of acceptance (LoA) to a consortium made up of M.G.N. Agro Properties, N.N.P. Buildcon, and Honest Shelters for the large-scale redevelopment of the Abhyudaya Nagar colony. This area spans 33 acres in Kalachowki, South Mumbai, and signifies a significant advancement in the city’s public housing renewal efforts. As part of the redevelopment initiative, residents currently residing in 210 sq ft tenements will receive new flats of 641 sq ft carpet area at no cost. This project will follow a Construction and Development (C&D) model managed by an appointed…

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MahaRERA targets errant builders, issues notices on 8,212 projects

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken action against developers of 8,212 housing projects due to their failure to submit mandatory quarterly progress reports (QPRs) by the deadline. This move aims to enhance compliance oversight in the state’s real estate sector. Among these, 4,644 projects are located in the Mumbai Metropolitan Region, with 1,465 in Thane and 1,263 in Mumbai Suburban. Of the total 33,029 registered housing projects across Maharashtra, these developers missed the April 20 deadline to update their January-March quarter disclosures on MahaRERA’s portal, as mandated by the Real Estate (Regulation and Development) Act, 2016.…

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900+ Acres of Mhada Layouts to Be Redeveloped in Mumbai

Certainly! Here’s a rewritten version of the given content, keeping the core information intact: Representative Image MUMBAI: In the coming years, a dozen Mhada layouts, covering 923 acres throughout the city, will be redeveloped, facilitating the rehabilitation of 75,445 residents currently living there, according to Sanjeev Jaiswal, vice-president and CEO of Mhada. The rehabilitation process is expected to take place over 5-10 years following the start of construction. During a media briefing on Friday, Jaiswal shared that some of the redevelopment projects have already been awarded, while tenders are being invited for others. Specifically, redevelopment proposals for the 250-acre Charkop…