IndustryLatest Stories

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…

IndustryLatest Stories

MHADA Aims for 20,000 Affordable Homes via Cluster Redevelopment

NEW DELHI: According to Sanjeev Jaiswal, the Vice President and CEO of the Maharashtra Housing and Area Development Authority (MHADA), Mumbai’s redevelopment strategy is evolving from focusing on individual buildings to large-scale cluster redevelopment. In an exclusive interview with Ankit Sharma, Jaiswal emphasized that MHADA is concentrating on redeveloping extensive housing layouts across the city. This approach could unlock 800-1,000 acres for redevelopment, creating a substantial supply of affordable housing units in the years ahead. He underscored the authority’s commitment to enhancing affordable housing for economically weaker sections (EWS) and lower-income groups (LIG), fast-tracking the redevelopment of aging properties, and…