The Maharashtra state cabinet has approved a proposal permitting the Maharashtra Housing and Area Development Authority (MHADA) to undertake redevelopment of its residential buildings in Bandra Reclamation and Adarsh Nagar, Worli. MHADA will serve as the nodal agency for these projects and will manage both the design and construction. Housing societies within these locations will not be allowed to initiate or choose separate redevelopment plans. A private developer will be appointed by MHADA to execute the projects.

The redevelopment will be carried out under a Floor Space Index (FSI) of 4, with one FSI reserved for creating additional housing stock for MHADA. In Bandra Reclamation, the redevelopment area spans 2,12,042 square feet and includes 52 buildings comprising 1,688 flats ranging from 322 to 825 square feet. Post-redevelopment, residents are expected to receive upgraded homes with sea views, and the total additional built-up area for residents will be 5,04,515 square metres. MHADA will receive 1,00,190 square metres of housing stock and a premium of Rs 42.66 billion.

In Adarsh Nagar, Worli—located behind the Worli Fire Station—the redevelopment will cover 68,034 square metres. It consists of 58 buildings and 863 flats ranging between 270 and 860 square feet. The redevelopment will yield 89,557 square metres of additional built-up area for residents and 14,632 square metres for MHADA. The project is expected to generate a premium of Rs 6.80 billion.

The selected developer must be approved by at least 51 per cent of tenants and will be responsible for providing alternative accommodation, rental support, a corpus fund, and basic amenities to the original residents. This initiative is part of MHADA’s broader plan to carry out integrated redevelopment across its 56 colonies in Mumbai, including areas like Pant Nagar, Tagore Nagar, Kannamwar Nagar, Motilal Nagar, and Tilak Nagar.

News source: Hindustan Times