Cluster plan to start at Tagore Nagar, tenders next month

Redevelopment on 22 hectares to create 8,000 houses for MHADA.

By next month, the Maharashtra Housing and Area Development Authority (MHADA) will float tenders to implement its first cluster redevelopment project that will give the housing board, which is grappling with a shrinking land bank in Mumbai, around 8,000 houses in Tagore Nagar, Vikhroli.

The housing board plans to implement the redevelopment project in joint venture with a developer and is in the process of finalizing the tender documents. As per the tentative plan, the housing stock over and above the number of houses required for rehabilitation of existing families will be shared between MHADA and the developer in 7:3 ratio.

"We will decide on a nominal price required to be paid to the developer to get possession of MHADA's share of the stock. The 7:3 sharing clause could change depending on how the project can add to Mumbai's affordable housing stock while being financially viable for the developer," a senior MHADA official said on the condition of anonymity.

"We are preparing to float the tenders next month once the documents get the state's approval and by January the following year we can expect work at the site to begin," the official said.

There MHADA colony at Tagore Nagar in Vikhroli is spread across 68 hectares with 69 four-storey buildings housing about 2,500 people, and 353 barracks that accommodate 2,966 people.

The redevelopment project would be limited to 22 hectares on which the 353 barracks are located and MHADA will rehabilitate the 2,966 people staying there by giving them 1 BHKs with a usable area of 45 square metres each. The families currently live in houses of about 17 square metres each.

"The reason we are not looking at including the colony buildings in the project is that many buildings are individually in the process of being redeveloped," the MHADA official said.

... contd.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus