MHADA, Rustomjee and 25 housing societies sign a INR 4,521 crore redevelopment pact for GTB Nagar in Sion Koliwada, Mumbai. Over 1,200 families to be rehabilitated in modern homes.

A significant tripartite agreement has been executed for the comprehensive redevelopment of Guru Tegh Bahadur Nagar (GTB Nagar) in Mumbai's Sion Koliwada area. The project, involving MHADA and Rustomjee's subsidiary, will modernize housing for approximately 1,200 long-term refugee families.

MHADA collaborates with Rustomjee Group to redevelop 25 buildings in GTB Nagar, benefiting 1,200 Sindhi families with modern homes, enhanced safety, and improved community infrastructure starting 2025.

GTB Nagar undergoes major redevelopment by Rustomjee Group benefiting 1200 Sindhi refugee families with modern homes, safety upgrades and community preservation in phased construction.

Rustomjee Group wins ₹4,521 cr GTB Nagar redevelopment project in Mumbai. MHADA approves 11.19-acre project benefiting 1,400+ families. Stock surges 10% on historic deal announcement.

Mumbai’s housing authority, Mhada, has approved redevelopment of 7 layouts including Malvani and GTB Nagar, focusing on affordable homes, digital transparency, and infrastructure upgrade.