MHADA
Maharashtra Housing and Area Development Authority (MHADA) has floated tender seeking a developer for the redevelopment of Motilal Nagar, a MHADA-owned colony in Goregaon area, which spreads across over 50 acres comprising 3,700 tenements and 1,600 slum hutments. A survey to determine the exact number of slum hutments as well as the eligible tenements is currently in full swing. The project is to be built in a phased manner.

MHADA has decided to undertake an integrated redevelopment of the colonies which envisages rehabilitation of buildings for both existing eligible residential and commercial users, markets, shopping centers, offices, houses and work-places, mixed-use buildings, cultural centers, public halls, recreational centers, schools, healthcare centers and residential buildings of various sizes of apartments for sale. After redevelopment, nearly 33,000 flats will be available where each residential structure will have 1,600 sq feet flats. However, any cost of construction above 833.8 sq ft shall also be borne by the developer and each non-residential structure will have 976 sq feet flats and cost of construction above 502.83 sq ft will also be borne by the developer. As per the plan, the contractor will give maximum houses to MHADA after providing tenements to the 5,700 families currently residing in homes, encroachments, and commercial establishments and after using the remaining FSI for sale at market prices.
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