The Maharashtra Housing and Area Development Authority ( MHADA) and Adani Properties, the real estate arm of the Adani Group, have entered into an agreement to redevelop Motilal Nagar, a 142-acre cluster in Mumbai’s suburb of Goregaon (West), in the state housing body’s largest-ever single redevelopment project.
ET first reported on March 11 that Adani Properties secured the project by committing to hand over 3.97 lakh sq metres of housing stock, the highest share of Floor Space Index (FSI), to MHADA.
As part of the redevelopment, eligible residents of the MHADA layout will get new homes with 1,600-sq-ft built up area, the largest in MHADA’s housing redevelopment history. Commercial unit holders will get 987 sq ft space and eligible slum dwellers will receive 300 sq ft homes, as per Slum Rehabilitation Authority’s norms.
This marks Adani Group's second major redevelopment initiative in the country’s financial capital, following the Dharavi redevelopment project spread over nearly 600 acres in the heart of the city.
As per the tender terms, MHADA will retain full control over the project, including ownership of the land. The entire rehabilitation is expected to be completed within seven years.
Adani Properties, the selected Construction and Development Agency (C&DA), will be responsible for financing and executing the entire redevelopment, including residential, commercial, and slum rehabilitation components as well as MHADA’s own housing stock, within the stipulated time frame.
"We aim to make this the finest redevelopment project in the country, ensuring transparency, quality, and social commitment through MHADA’s implementation...This dream of redevelopment will no longer remain on paper, it is becoming a reality," said MHADA’s Vice President & CEO, Sanjeev Jaiswal.
The state government has declared this as a 'Special Project' and its comprehensive master plan has been developed by Netherlands-based Mecanoo, while the infrastructure planning was done by London-based Buro Happold.
The primary objective of the redevelopment is to regularise rampant illegal construction and modernise Goregaon’s housing infrastructure. In addition, the redevelopment will address longstanding civic issues like flooding and waterlogging, thereby significantly improving the quality of life for residents.
The developer is expected to bear the full cost of the project, including relocation and rehabilitation of MHADA-eligible tenants, shops, and slum dwellers. The redevelopment will be executed in phases, and the C&DA cannot mortgage the land, raise funds on it, or transfer rights without MHADA’s approval, ensuring protection against misuse.
Apart from sharing housing stock, the developer will be responsible for developing key physical and social infrastructure such as roads, water and sewage pipelines, storm water drainage systems, gardens, open spaces, hospitals, schools, markets, police stations etc.
Motilal Nagar is one of the earliest MHADA colonies developed in the 1960s. The developer C&DA is expected to introduce modern construction technologies and urban planning expertise to rehabilitate 3,372 eligible residential units, 328 commercial units and around 1,600 eligible slum tenements, in line with the 1971 Slum Act.
MHADA built nearly 100 colonies between 1960s and late 1980s, housing over two lakh dwelling units. Many of these structures are now in dilapidated condition and have been declared unfit for habitation by the Municipal Corporation of Greater Mumbai (MCGM), making their redevelopment an urgent necessity.
ET first reported on March 11 that Adani Properties secured the project by committing to hand over 3.97 lakh sq metres of housing stock, the highest share of Floor Space Index (FSI), to MHADA.
As part of the redevelopment, eligible residents of the MHADA layout will get new homes with 1,600-sq-ft built up area, the largest in MHADA’s housing redevelopment history. Commercial unit holders will get 987 sq ft space and eligible slum dwellers will receive 300 sq ft homes, as per Slum Rehabilitation Authority’s norms.
This marks Adani Group's second major redevelopment initiative in the country’s financial capital, following the Dharavi redevelopment project spread over nearly 600 acres in the heart of the city.
As per the tender terms, MHADA will retain full control over the project, including ownership of the land. The entire rehabilitation is expected to be completed within seven years.
Adani Properties, the selected Construction and Development Agency (C&DA), will be responsible for financing and executing the entire redevelopment, including residential, commercial, and slum rehabilitation components as well as MHADA’s own housing stock, within the stipulated time frame.
"We aim to make this the finest redevelopment project in the country, ensuring transparency, quality, and social commitment through MHADA’s implementation...This dream of redevelopment will no longer remain on paper, it is becoming a reality," said MHADA’s Vice President & CEO, Sanjeev Jaiswal.
The state government has declared this as a 'Special Project' and its comprehensive master plan has been developed by Netherlands-based Mecanoo, while the infrastructure planning was done by London-based Buro Happold.
The primary objective of the redevelopment is to regularise rampant illegal construction and modernise Goregaon’s housing infrastructure. In addition, the redevelopment will address longstanding civic issues like flooding and waterlogging, thereby significantly improving the quality of life for residents.
The developer is expected to bear the full cost of the project, including relocation and rehabilitation of MHADA-eligible tenants, shops, and slum dwellers. The redevelopment will be executed in phases, and the C&DA cannot mortgage the land, raise funds on it, or transfer rights without MHADA’s approval, ensuring protection against misuse.
Apart from sharing housing stock, the developer will be responsible for developing key physical and social infrastructure such as roads, water and sewage pipelines, storm water drainage systems, gardens, open spaces, hospitals, schools, markets, police stations etc.
Motilal Nagar is one of the earliest MHADA colonies developed in the 1960s. The developer C&DA is expected to introduce modern construction technologies and urban planning expertise to rehabilitate 3,372 eligible residential units, 328 commercial units and around 1,600 eligible slum tenements, in line with the 1971 Slum Act.
MHADA built nearly 100 colonies between 1960s and late 1980s, housing over two lakh dwelling units. Many of these structures are now in dilapidated condition and have been declared unfit for habitation by the Municipal Corporation of Greater Mumbai (MCGM), making their redevelopment an urgent necessity.
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