Connect with us




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. 

Latest News

News33 minutes ago

UP RERA Approves Six New Real Estate Projects Worth ₹176.28 Crore

Lucknow/Gautam Buddh Nagar, October 13, 2025: The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved six new real...

News45 minutes ago

CapitaLand Investment, Listed and Private Funds, Strengthen ESG Leadership Positions in 2025 GRESB Assessment

New Delhi, October 13, 2025: Global real asset manager CapitaLand Investment Limited (CLI), its listed REITs and business trusts, and...

News1 hour ago

EQBAC Unveils Dollar-Denominated Model Portfolios for India Inbound Investment Through GIFT City

Mumbai, October 13, 2025: Global investment platform EQBAC has launched dollar-denominated model portfolios for Non-Resident Indian investors through GIFT City,...

News2 hours ago

CP67 Mall Hosts Kids’ Entrepreneurial Exhibition ‘Kidspreneur’ in Association with Prepright

Chandigarh, October 13, 2025: CP67 Mall, Mohali, in collaboration with Prepright, hosted ‘Kidspreneur’, a one of its kind entrepreneurial exhibition...

News2 hours ago

Arnya Real estates Fund Advisors Commits ₹415 Cr in Investments Across Residential Projects

New Delhi, October 13, 2025: Real estate-focused investment management firm Arnya Realestates Fund Advisors has announced that it has committed...

News2 hours ago

Concord Control Systems Deepens Partnership with Progota, Boosting Stake to 46.5%

Lucknow, October 13, 2025: Manufacturer of embedded electronic systems and critical electronic solutions Concord Control Systems Limited has said that...

Trending