Tag: urban renewal Mumbai

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SRA Identifies 18 New Clusters for Mumbai Redevelopment

The Slum Rehabilitation Authority (SRA) has identified 18 new slum clusters in the Mumbai Metropolitan Region for redevelopment as part of the state government’s Slum Cluster Area Redevelopment Scheme. This follows investor interest in its pilot project in Andheri (West), according to sources familiar with the matter. This initiative aligns with Maharashtra’s strategy to create a slum-free Mumbai, providing secure, permanent housing through extensive redevelopment initiatives outlined in the State Housing Policy 2025. Officials have begun gathering approvals from the High-Powered Committee for significant clusters, including Majaswadi in Andheri (East), Behrampada in Bandra (East), and the Wadala Truck Terminal area.…

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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…