Tag: Reliance Industries

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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…

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Reliance Consortium Wins 101-Acre Mumbai Slum Redevelopment Bid

MUMBAI: A consortium led by Reliance Industries’ subsidiary, Reliance 4IR Realty Development, in collaboration with Mahadev Realtors Juhu, has successfully won the bid for the redevelopment of the 101.36-acre Juhu Galli slum cluster in Andheri (West), making it one of the largest slum redevelopment projects in Mumbai. The tender process was overseen by the Slum Rehabilitation Authority (SRA) and drew bids from major corporate groups, including Reliance, JSW, and the Shapoorji Pallonji Group. The Reliance-led consortium emerged victorious in the bidding process. The redevelopment plan aims to construct over 28,000 homes for eligible slum residents. This initiative falls under the…

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Reliance MET City to Create Integrated Mixed-Use Project in Haryana

Representative AI image NEW DELHI: Reliance MET City, a wholly-owned subsidiary of Reliance Industries, has unveiled a new integrated mixed-use development spanning approximately 100 acres called Metropolis, located in Daryapur, Jhajjar district, Haryana. This initiative is part of a larger 140-acre master-planned development, which includes residential plots, industrial plots, and plans for future group housing. Residential plot sizes range from 112 sq yards to 179 sq yards, priced between ₹99,000 and ₹1,10,000 per sq yard. The project is being developed in two phases and is move-in ready. Financing is through self-funding, with all construction and infrastructure managed internally. Published On…