Latest news with #KamathipuraClusterRedevelopmentProject
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Business Standard
12-06-2025
- Business
- Business Standard
Mhada invites tenders for cluster redevelopment of Kamathipura, Mumbai
The Mumbai Building Repairs and Reconstruction Board (MBRRB), a unit of the Maharashtra Housing and Area Development Authority (Mhada), has issued a tender for the cluster redevelopment of Kamathipura in South Mumbai. The redevelopment of dilapidated cessed and non-cessed buildings and plots in lanes numbered 1 to 15 of Kamathipura will be carried out in an integrated manner under Regulation 33(9) of the Development Control and Promotion Regulations (DCPR) 2034 through the MBRRB. The Kamathipura area, spread across 34 acres in South Mumbai, includes approximately 943 cessed buildings in lanes 1 to 15, with around 6,625 residential and 1,376 non-residential tenants/residents, totalling 8,001. There are about 800 landowners in the area. The buildings in this region are approximately 100 years old. The total net plot area of this region is approximately 73,144.84 square metres (sq m). Government approval for the Kamathipura cluster redevelopment project was granted via a government resolution on 12 January 2023. Based on this, tenders were invited for planning the project, and Mahimtura Consultants were appointed for the same. The project blueprint has been developed under the title Kamathipura Cluster Redevelopment Project – Urban Village. The project will also include commercial buildings and recreational grounds. Additionally, through this project, 44,000 sq m of land will be made available to Mhada through the selected bidder, resulting in a significant increase in housing stock. The developer will receive 5,67,000 sq m of development rights, where a housing stock of approximately 4,500 new units is expected to be constructed. According to Square Yards Data Intelligence, considering the sales transactions in Kamathipura in Q1 CY25, the property rate stood at ₹13,980 per sq ft, against ₹13,508 per sq ft in Q1 CY24. A decision to compensate landowners in the Kamathipura area was taken as per the government resolution dated 2 July 2024. One housing unit of 500 sq ft area will be provided for land plots measuring up to 50 sq m, two such units for plots measuring between 51 and 100 sq m, three units for plots between 101 and 150 sq m, four units for plots between 151 and 200 sq m, and for every additional 50 sq m beyond 200 sq m, one additional unit of 500 sq ft will be provided to the landowners. The Kamathipura cluster redevelopment would be the third significant project in Mumbai after the Dharavi Redevelopment Project (DRP)—a slum redevelopment project in association with the Slum Rehabilitation Authority (SRA)—and the Motilal Nagar Redevelopment Project in Goregaon West, where the developer was appointed by Mhada through a bidding process. Both Dharavi and Motilal Nagar are being executed through the realty arm of the Adani Group. The cost of DRP has been estimated to be around ₹95,790 crore, while the Adani Group won the bid for Motilal Nagar for ₹36,000 crore.
Time of India
12-06-2025
- Business
- Time of India
MHADA invites bids for Kamathipura cluster redevelopment in South Mumbai
The Maharashtra Housing and Area Development Authority ( MHADA ) has invited bids to undertake cluster redevelopment of Kamathipura, a locality that is both historically significant and among the city's oldest and most congested, spread over prime 34 acres land parcel in South Mumbai . While a portion of Kamathipura has long been associated with Mumbai's red-light district since British era, the broader neighbourhood also includes residential, home to generations of families and small businesses. The redevelopment will cover lanes numbered 1 to 15 in Kamathipura, where nearly 943 cess buildings, many over a century old, house around 6,625 residential and 1,376 non-residential tenants. Around 800 landowners also hold plots in the area, which totals over 73,145 sq meter of net plot area. The project will be led by MHADA's Mumbai Building Repairs and Reconstruction Board under Regulation 33(9) of the Development Control and Promotion Regulations (DCPR) 2034. A construction and development agency (CDA) for the ambitious cluster redevelopment will be appointed through this tender. Live Events The redevelopment is aimed at holistically transforming the locality, offering safer, legal, and permanent housing to 8,001 tenants and residents who have awaited such an initiative for years, MHADA said. This includes around 6625 residential and 1376 non-residential tenants and residents. The government's approval for the project was granted in January 2023. Following this, a consultant was appointed to design the master plan under the title Kamathipura Cluster Redevelopment Project – Urban Village. The blueprint includes modern residential units, commercial spaces, planned infrastructure, and recreational grounds. Through this project, MHADA will gain 44,000 sq meter of land that will help significantly expanding its central Mumbai housing stock. The appointed developer will be allowed to construct up to 5.67 lakh sq meter, which could yield an estimated 4,500 new homes. To compensate landowners, the state has laid out a graded policy under a government resolution dated July 2, 2024. Owners of plots up to 50 sq m will receive one 500 sq ft flat, while those with larger holdings will receive proportionately more units. The Kamathipura Cluster Redevelopment Project, a key initiative of the Government of Maharashtra, will be executed under the guidance of the Chief Minister Devendra Fadanavis and the Deputy Chief Minister and Housing Minister Eknath Shinde. Officials said the redevelopment is expected to not only improve living conditions for thousands of families but also contribute to the social renewal of a neighbourhood long constrained by inadequate infrastructure and fragmented ownership patterns.
