Private Sector | Maharashtra - India | PID: 164859
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The Maharashtra Housing and Area Development Authority (MHADA) has selected Larsen & Toubro and Shapoorji Pallonji Group to redevelop BDD chawls in Mumbai, Maharashtra
L&T will redevelop the BDD chawls at Naigaon in Dadar, while Shapoorji Pallonji will redevelop chawls at NM Joshi Marg, Lower Parel. Both the developers were the lowest bidders for the two real estate projects
The project will involve redeveloping and rehabilitating of the existing tenants and also the creation of on-site and off-site infrastructure such as roads, landscaping, open spaces, etc
MHADA expects to commence the actual construction work in a month, after formal inauguration of the project in the presence of the chief minister. The developers will execute the projects on a cash contract model. The proposed project is to be completed in seven years
MHADA tentatively plans to build four sales buildings with 60 floors each at Naigaon chawls. The authority will also build a 20 storey commercial building. Besides, 20 buildings with 19 to 23 floors will house the existing tenants of the Naigaon chawls
For chawls at NM Joshi Marg, the authority will build four sale buildings with 47 floors each, of which two will be for higher income groups and two for middle income groups. The plan also includes a 14 storey commercial tower. Besides, 14 buildings of 22 floors each will be constructed to accommodate the existing tenants
| Updated on: 23 - Mar - 2017
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