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.

MHADA has opened bidding for the long-pending redevelopment of Jogeshwari's 7-acre PMGP Colony, promising residents modern 450 sq ft homes to replace their current 180 sq ft units.

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.

Mumbai’s Wadhwa Group faces an FIR for ₹57 crore fraud, accused of breaching financial commitments in a stalled Goregaon housing project. The case, now with the Economic Offences Wing (EOW), stems from alleged contract violations and unfulfilled payments to Policon Realtors.

Adani Properties has outbid competitors to secure Mumbai's prestigious Rs 36,000 crore Motilal Nagar redevelopment project spanning 143 acres in Goregaon. This marks the conglomerate's second major Mumbai urban renewal venture after the Dharavi project.

MHADA has announced plans to construct 8 lakh homes in the next five years, prioritizing affordable and rental housing for mill workers, dabbawallas, and lower-income groups. The initiative aims to boost urban redevelopment and enhance housing accessibility across Maharashtra.

Prestige Group, along with RC Group and Valor Estate, is launching a ₹7,000 crore redevelopment in Bandra, Mumbai, transforming 19 housing societies across four acres into modern residential complexes.

The government wants to develop 2 lakh homes in Mumbai and Pune within three years, transforming the housing markets. This ambitious plan seeks to eliminate Mumbai slums, increase MHADA lottery possibilities, and revive SRA projects.

The Dharavi Redevelopment Project Pvt Ltd (DRPPL), led by Adani Realty, seeks 334 tenements from government agencies like SPPL and Mhada to relocate residents and continue redevelopment. Negotiations are ongoing, with Mhada demanding Rs 641 crore in construction costs and interest.

The Maharashtra Housing & Area Development Authority (MHADA) has submitted proposals to the state government for three significant Mumbai redevelopment projects that are expected to impact the city's real estate market.