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mhada

Bhendi bazar

Bhendi Bazar Redevelopment Gets Final Nod

The Maharasthra state government has given a green signal for redeveloping Bhendi Bazar. The redevelopment of this commercial and residential locality will begin in early 2014. The project is expected to be completed in three years. Bhendi Bazar redevelopment project Bhendi bazar is a commercial and residential locality in South Mumbai and spans across about […]

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revenue sharing model

New Revenue Sharing Model To Redevelop MHADA Colonies

The Maharashtra state government has agreed to a revenue-sharing model between the Maharashtra Housing and Area Development Authority (MHADA) and private developers in an attempt to encourage more developers to take up redevelopment of housing colonies. The new policy is also aimed at unlocking prime real estate in Mumbai. Reason for the new policy There […]

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MHADA Loses 1,000 Crore in Redevelopment Project

The Maharashtra Housing and Area Development Authority (MHADA) is expected to have lost close to Rs. 1,000 crore in a redevelopment project in Goregaon (West), according to its internal audit. The redevelopment was pertaining to the Patrawala Chawl, a MHADA colony in Siddharth Nagar, Goregaon (West). The chairman of housing board’s repair and reconstruction board […]

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MHADA To Get 200 More Tenements

The Maharashtra Housing and Area Development Authority (MHADA) has said that it is expecting to get a total built-up space of 70,000 sq.ft from developers who are redeveloping old and dilapidated buildings in the island city of Mumbai by the year-end. The chief officer of MHADA stated that the development body was yet to receive […]

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Only Majority View To Be Considered During Redevelopment Says Mumbai High Court

The Bombay High Court has given an important ruling that only the decision of the majority members of a housing society must be taken into account while considering redevelopment. It said that the minority percent of the non-cooperating members cannot halt a redevelopment project. The ruling came in light of the opposition a mega-redevelopment project […]

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