HomeConstructionMumbai's ₹30,000 Crore Motilal Nagar Redevelopment Moves Forward

Mumbai’s ₹30,000 Crore Motilal Nagar Redevelopment Moves Forward

Mumbai’s ₹30,000 Crore Motilal Nagar Redevelopment Moves Forward

Mumbai’s real estate sector, the Bombay High Court has cleared the way for the redevelopment of Motilal Nagar, a 142-acre residential area in Goregaon. The Maharashtra Housing and Area Development Authority (MHADA) has been authorised to proceed with the project, which will now be executed through private developers.

The court’s decision allows MHADA to open financial bids from infrastructure giants Adani and L&T, both of whom had already qualified in the technical bidding process. The court’s ruling came after MHADA sought clarification on its earlier commitment to execute the redevelopment “on its own.” The move to involve private developers follows the recognition that MHADA lacks the resources and capabilities to handle such a vast project independently.

With the redevelopment now designated as a “Special Project,” the court upheld MHADA’s decision, emphasising that the state should have the freedom to make policy decisions and priorities in the larger public interest. While some resistance from housing societies and local residents had delayed the process, the court recognised the long-term benefits of a comprehensive redevelopment plan for Motilal Nagar. The winning bidder will be tasked with rehabilitating over 5,000 families, including those living in MHADA’s existing properties as well as hutment dwellers.

These residents will be provided with new 1,600 sq ft homes, while the developer will also be required to build schools, dispensaries, and open spaces as part of the mini-township.
The total cost of the redevelopment has been estimated at ₹30,000 crore, with the project expected to revitalise one of Mumbai’s oldest and densest residential areas. Motilal Nagar, built in the 1960s to house economically weaker sections, will see a major transformation, benefiting from modern amenities and infrastructure.

With MHADA overseeing the project, the involvement of established developers like Adani and L&T highlights the growing significance of private sector participation in large-scale urban redevelopment projects, aimed at meeting Mumbai’s increasing demand for affordable housing and quality infrastructure.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Arkade Developers To Launch Rs 3000 Crore Luxury Project On Filmistan Land

Arkade Developers To Launch Rs 3000 Crore Luxury Project On Filmistan Land

0
Mumbai’s real estate landscape is poised for another major transformation as Arkade Developers prepares to redevelop the historic Filmistan Studio land in Goregaon into...
MHADA Hosts Japanese Delegation To Explore Affordable Housing And Urban Redevelopment Collaboration

MHADA Hosts Japanese Delegation To Explore Affordable Housing And Urban Redevelopment Collaboration

0
A high-level delegation from Japan’s Urban Renaissance Agency (UR) met with the Maharashtra Housing and Area Development Authority (MHADA) officials in Mumbai to explore...
Mumbai High Court Orders Mhada To Clear NOC For Unsafe Building Redevelopment

Mumbai High Court Orders Mhada To Clear NOC For Unsafe Building Redevelopment

0
Bombay High Court has directed the Maharashtra Housing and Area Development Authority (Mhada) to issue a No Objection Certificate (NOC) for the redevelopment of...
Godrej Properties Gets MahaRERA Nod For Rs 10000 Crore Worli Residential Towers

Godrej Properties Gets MahaRERA Nod For Rs 10000 Crore Worli Residential Towers

0
Godrej Properties Limited has received approval from Maharashtra Real Estate Regulatory Authority (MahaRERA) for the first phase of its luxury residential project, Godrej Trilogy,...
Mumbai Slum Businesses Generate Rs 21 Crore Property Tax Boost For BMC

Mumbai Slum Businesses Generate Rs 21 Crore Property Tax Boost For BMC

0
Brihanmumbai Municipal Corporation (BMC) identified nearly 8,000 commercial units operating within slum areas, generating property tax bills amounting to approximately Rs 21 crore. As...