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MHADA to create over 7 lakh homes in MMR over next five years, 5.4 lakh in Mumbai alone

MHADA
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The Maharashtra Housing and Area Development Authority (MHADA) plans to generate more than 700,000 homes across the Mumbai Metropolitan Region (MMR) over the next five years, including nearly 550,000 units within Mumbai city, according to Sanjeev Jaiswal, Vice President and Chief Executive Officer of MHADA.

The massive housing pipeline will include affordable homes offered via lottery, inclusive and cluster redevelopment projects, revamps of the Prime Minister’s Grant Project (PMGP) Colony, and redevelopment of cessed and slum properties.

“Mhada is executing multiple cluster redevelopment projects in Mumbai, including in GTB Colony in Sion, SVP Nagar in Andheri, Motilal Nagar in Goregaon and Kamathipura near Mumbai Central,” Jaiswal said during the Konkan Board’s housing lottery draw event. Over 200,000 homes would be constructed in the city over the next 5-7 years under Mahada’s cluster redevelopment projects, he said.

According to data sourced from the housing authority, 120,864 housing units are expected to be generated via redevelopment of cessed buildings in south Mumbai under section 33(7) of the Development Control Regulations. Another 27,107 tenements will be generated from cessed buildings under section 33(9) of the DCR, while 7,769 homes will be generated from the Bhendi Bazaar redevelopment project, 19,131 from redevelopment of Kamathipura, 90,677 units from slum redevelopment projects undertaken jointly with the Slum Redevelopment Authority, and 15,805 units via reconstruction of PMGP Colony.

Together, these projects will generate 539,118 homes in Mumbai, the data shows. The projects will include a rehabilitation component, a free sale component for developers and units that will be given to Mhada, to be put on the block via lottery draw.

In the MMR, the housing authority will generate 180,403 units over the next five years, the data shows. The units will be generated via the Pradhan Mantri Awas Yojana (88,797), Konkan Board’s housing lottery (22,606), inclusive housing projects (60,000), 15% units in Integrated Township Projects (6,000) and under section 33(5) of the DCR and the cluster redevelopment scheme (3,000). Of these around 221,000 homes, only a fraction would get routed to Mahada to be eventually sold to citizens via lottery draw.

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