The Maharashtra state cabinet has granted approval for the joint redevelopment of two significant MHADA layouts — Adarsh Nagar in Worli and Bandra Reclamation in Mumbai. The cabinet's decision includes the allocation of a floor space index (FSI) of four for the redevelopment, with MHADA receiving housing stock equivalent to one FSI in both locations. This move is aimed at rejuvenating these key areas and addressing Mumbai's housing shortage.
Details of the Redevelopment Plan
The redevelopment covers two major layouts:
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Bandra Reclamation: Spread across approximately 2 lakh square meters, this layout consists of 52 buildings with a total of 1,688 residential units, each ranging from 322 to 825 square feet.
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Adarsh Nagar: Located on 68,000 square meters, this layout contains 58 buildings with 863 residential units, ranging from 270 to 860 square feet.
The redevelopment is expected to enhance the residential capacity of both areas. MHADA will receive housing stock equivalent to one FSI, which will help meet the growing demand for affordable housing in Mumbai.
Developer Selection and Consent Process
The redevelopment will be managed by a Construction and Development Agency appointed by MHADA. The winning bidder will be selected based on their ability to provide the maximum housing stock to MHADA while meeting the financial and physical requirements specified in the tender.
To move forward, the developer will be required to obtain consent letters from at least 51% of the total members of the cooperative housing societies in both Adarsh Nagar and Bandra Reclamation. This ensures that the redevelopment process has the support of the majority of residents.
Implications for Mumbai’s Housing Market
This approval represents a major step toward addressing Mumbai’s housing challenges. With limited space for new developments, the redevelopment of existing layouts is a key strategy for increasing the city's residential capacity. By providing more housing options through this joint redevelopment initiative, the Maharashtra government is taking important steps to enhance the affordability and availability of homes in one of the world’s most densely populated cities.
Conclusion
The approval of the joint redevelopment of Adarsh Nagar and Bandra Reclamation by the Maharashtra cabinet will bring much-needed revitalization to these two areas. The use of FSI of four will allow for a significant increase in the housing stock, while MHADA’s involvement ensures that the project aligns with the state’s affordable housing goals. As the project progresses, it is expected to play a vital role in addressing the housing needs of Mumbai’s residents.