MHADA to develop long-delayed project in Mumbai’s Goregaon
Real Estate

MHADA to develop long-delayed project in Mumbai’s Goregaon

The Maharashtra Housing Area Development Authority (MHADA) will get around 4 lakh sq ft built-up area for construction of a project which has been stuck for almost a decade.

The development of the remaining land will be a cluster development, the Housing Minister, Jitendra Awhad, told the media.

The state cabinet decided that MHADA will be the developer of Siddharth Nagar, Patra Chawl in Goregaon West, where the work is closed for a decade.

The state cabinet decided to allow MHADA to sell flats at market prices. It will enable MHADA to recover the cost it will incur in the redevelopment for the tenants. It will have to raise funds for the redevelopment by making provision in its budget.

The former chief secretary, Johny Joseph, recommended MHADA to carry out its redevelopment. The report urged all the 672 tenants to be rehabilitated and rent to be paid to them. The 306 lottery winners will be allotted homes after completion of the construction work.

The tenants will be paid the rents for which they have not been paid. About 60% of the construction work is completed, and the flats will be available to the tenants in the next two years, Awhad said.

According to the committee's recommendations, MHADA will have to appoint a committee of its three representatives and two experts. The committee will calculate the quantity of Floor Space Index (FSI) used by the developers, dues owed to MHADA, construction cost, project revenue, and it will ensure that while recovering the debt from the developers, the housing authority faces no loss.

Image Source


Also read: MahaRERA demands to make information about flats sold public

Also read: Maharashtra town planning body puts 182 Navi Mumbai plots on block

The Maharashtra Housing Area Development Authority (MHADA) will get around 4 lakh sq ft built-up area for construction of a project which has been stuck for almost a decade. The development of the remaining land will be a cluster development, the Housing Minister, Jitendra Awhad, told the media. The state cabinet decided that MHADA will be the developer of Siddharth Nagar, Patra Chawl in Goregaon West, where the work is closed for a decade. The state cabinet decided to allow MHADA to sell flats at market prices. It will enable MHADA to recover the cost it will incur in the redevelopment for the tenants. It will have to raise funds for the redevelopment by making provision in its budget. The former chief secretary, Johny Joseph, recommended MHADA to carry out its redevelopment. The report urged all the 672 tenants to be rehabilitated and rent to be paid to them. The 306 lottery winners will be allotted homes after completion of the construction work. The tenants will be paid the rents for which they have not been paid. About 60% of the construction work is completed, and the flats will be available to the tenants in the next two years, Awhad said. According to the committee's recommendations, MHADA will have to appoint a committee of its three representatives and two experts. The committee will calculate the quantity of Floor Space Index (FSI) used by the developers, dues owed to MHADA, construction cost, project revenue, and it will ensure that while recovering the debt from the developers, the housing authority faces no loss. Image Source Also read: MahaRERA demands to make information about flats sold public Also read: Maharashtra town planning body puts 182 Navi Mumbai plots on block

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000