Curation Team
The Maharashtra Housing and Area Development Authority (MHADA) has appointed listed developer Keystone Realtors, part of the Rustomjee Group, to undertake the redevelopment of 25 buildings at Guri Teg Bahadur Nagar locality in central Mumbai‘s Sion Koliwada.
The colony spans over 11.20 acres and will yield 25,700 sq. m. of built-up space for MHADA as housing stock, with an FSI of 4.5, including fungible area.
The project will rehabilitate over 1,200 families of Sindhi refugee origin. The buildings, originally constructed in 1958 for post independence migrants, were declared unsafe in 2020 and subsequently demolished by the Municipal Corporation of Greater Mumbai (MCGM).
Following this, the affected residents had to seek alternative accommodation on their own. In response to consistent appeals made by the tenant societies, the State Government approved the redevelopment of the site through MHADA, despite the land being privately owned.
As per the redevelopment plan, each eligible family will receive a free 635 sq ft apartment. MHADA will provide a monthly rent of Rs 20,000 until the project is completed and cover five years of maintenance charges post-possession.
The project will be executed under Regulation 33(9) of the Development Control and Promotion Regulations (DCPR), with MHADA functioning as the Special Planning Authority.
The redevelopment project had received cabinet approval in February 2024, followed by a Government Resolution.
This is MHADA’s first redevelopment of private land through an appointed agency. The authority will provide necessary coordination for timely execution.
