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.

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.