News
Tender Issued for Cluster Redevelopment of Abhyudaya Nagar Colony

Mumbai / October 9, 2024: The Mumbai Board of MHADA has released a tender for the comprehensive redevelopment of the Abhyudaya Nagar MHADA Colony, located in Kala Chowki. This tender, issued under the Construction and Development (C&D) model, aims to appoint a developer to undertake the large-scale redevelopment of the colony, a statement from MHADA said.
It follows the approval from the government’s High-Level Committee, allowing the long-awaited redevelopment project to proceed. Presently, the Abhyudaya Nagar colony occupies an expansive area of 133,593 square meters, with 48 buildings comprising 3,410 tenements, each measuring 208 square feet. The redevelopment will benefit approximately 15,000 residents, bringing much-needed improvement to their living conditions after years of anticipation. The responsibility for the execution of this project has been assigned to MHADA’s Mumbai Board, the statement added.
The redevelopment project, which had been stalled for several years, found new direction through the intervention of Deputy Chief Minister (DCM) Devendra Fadnavis, who played a pivotal role in resolving the impasse. Following his involvement, MHADA made the decision to implement the redevelopment under the C&D framework, marking a crucial breakthrough in addressing the long-pending project.
In accordance with the directives issued by the DCM Fadnavis, the tender for this redevelopment project has been structured to ensure significant benefits for the residents. Each rehabilitated tenement will have a minimum carpet area of 635 square feet, offering substantial upgrades from the current units.
Additionally, provisions have been made for four-wheeler parking, ensuring that each resident has access to future-proof facilities. The tender also mandates the developer to provide a one-time corpus fund of Rs 5 lakh to each resident as part of the redevelopment benefits. Furthermore, until the project reaches completion, the developer is required to pay Rs 20,000 per month as rent to each resident.
In a recent meeting, MHADA Vice President Sanjeev Jaiswal presented the redevelopment plan to the residents of Abhyudaya Nagar. During the presentation, Jaiswal provided a detailed overview of the proposed project and addressed various concerns raised by the residents, ensuring transparency and clarity on the upcoming changes.
As per the tender schedule, technical bids are set to be opened on November 22, 2024, at 3:00 PM, the statement added.
- News2 weeks ago
Address Advisors’ Property Buffet 2024 Attracts Over 2700 Visitors, Rs 150 Crore in Potential Deals
- News3 weeks ago
Pacific D21 Mall to Present Theatrical Rendition of Manto’s Toba Tek Singh on September 21
- Guest Column3 weeks ago
The Rise of Gated Villas in Goa: A Preferred Investment for Young Professionals
- News3 weeks ago
UPDIC Attracts Rs 25,000 Crore in Investments, Set to Drive Real Estate Growth: 360 Realtors Report
- News4 weeks ago
Navin’s Founder Steps Up as Chairman, Son Takes Over as Managing Director
- News2 weeks ago
Ghaziabad’s Strategic Location and Infrastructure Upgrades Drive Luxury Housing Market: Realtors
- News5 days ago
Delhi-NCR Malls Gear Up to Celebrate Dandiya Nights
- News2 weeks ago
NAREDCO HOMETHON Expo 2024 on October 4-6 to Feature Over 1000 Projects