Govt Approves Redevelopment of Bandra and Worli MHADA Colonies
Real Estate

Govt Approves Redevelopment of Bandra and Worli MHADA Colonies

The Maharashtra Housing and Area Development Authority (MHADA) will oversee the redevelopment of Bandra Reclamation as the sole design and construction authority. Under this plan, resident societies will not be permitted to undertake redevelopment projects independently. Instead, MHADA will appoint a private builder to execute the work on its behalf.

The project has been granted a Floor Space Index (FSI) of 4. Of this, one FSI will be allocated for constructing additional homes that will be added to MHADA's housing stock. The redevelopment aims to transform the existing residential area into a more modern and vertical housing complex.

Located near Lilavati Hospital, the Bandra Reclamation area currently includes 52 buildings with a total of 1,688 flats. These flats vary in size from 322 to 825 square feet and are situated on a plot measuring approximately 2,12,042 square feet. The redevelopment will significantly increase the built-up area, adding around 5,04,515 square metres.

As part of the redevelopment, MHADA will receive 1,00,190 square metres of newly constructed housing units. Additionally, the authority is expected to earn a premium of Rs 42.66 billion through the project. The construction of taller buildings is also likely to provide sea-facing apartments to existing residents, enhancing the overall value and appeal of the locality.

News source: One India

The Maharashtra Housing and Area Development Authority (MHADA) will oversee the redevelopment of Bandra Reclamation as the sole design and construction authority. Under this plan, resident societies will not be permitted to undertake redevelopment projects independently. Instead, MHADA will appoint a private builder to execute the work on its behalf. The project has been granted a Floor Space Index (FSI) of 4. Of this, one FSI will be allocated for constructing additional homes that will be added to MHADA's housing stock. The redevelopment aims to transform the existing residential area into a more modern and vertical housing complex. Located near Lilavati Hospital, the Bandra Reclamation area currently includes 52 buildings with a total of 1,688 flats. These flats vary in size from 322 to 825 square feet and are situated on a plot measuring approximately 2,12,042 square feet. The redevelopment will significantly increase the built-up area, adding around 5,04,515 square metres. As part of the redevelopment, MHADA will receive 1,00,190 square metres of newly constructed housing units. Additionally, the authority is expected to earn a premium of Rs 42.66 billion through the project. The construction of taller buildings is also likely to provide sea-facing apartments to existing residents, enhancing the overall value and appeal of the locality. News source: One India

Next Story
Infrastructure Urban

Honeywell Unveils AI Tools to Enhance Green Hydrogen Efficiency

"Honeywell has introduced Honeywell Protonium, a comprehensive suite of advanced technologies driven by artificial intelligence (AI) and machine learning (ML), aimed at improving the efficiency, scalability, and cost-effectiveness of green hydrogen production. The technology is designed to address key industry challenges such as power intermittency, high production costs, and carbon intensity, thereby facilitating the wider adoption of clean hydrogen as a sustainable energy source.The first deployment of Honeywell Protonium will take place at Aternium, a US-based large-scale clean hydrogen pro..

Next Story
Infrastructure Transport

NHAI Plans Link Road for Expressway Access

The National Highways Authority of India (NHAI) is evaluating the construction of an 18 km road to connect the Bengaluru-Chennai Expressway, within Karnataka, to the Bengaluru-Kolar Highway (NH 75). This strategic link is aimed at improving connectivity for motorists travelling towards the Andhra Pradesh border, including destinations like Chittoor and Tirupati. Currently, a 68 km section of the expressway — from Hoskote to Bethamangala near Kolar Gold Fields (KGF) — is operational. However, due to the absence of seamless end-to-end connectivity, users are forced to navigate through narr..

Next Story
Infrastructure Transport

Bengaluru to Get 40-Km Signal-Free Transit Corridor

In a major push to modernize Bengaluru’s transport infrastructure, the Karnataka Government has approved the construction of a 32.15 km double-decker flyover with a metro line along the city’s Outer Ring Road. This transformative initiative aims to ease the daily commute for thousands and provide lasting relief from the city's chronic traffic congestion. In tandem, an additional 8 km elevated stretch will be constructed on Magadi Road as part of Namma Metro’s Phase III expansion. Together, these projects will add over 40 km of new, signal-free metro routes—making daily travel faster, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?