925-acre redevelopment project in Mumbai to attract investmet worth Rs 4 lakh crore
The Maharashtra Housing and Area Development Authority’s (MHADA) redevelopment program is going to attract an investment of Rs 4 lakh crore in Mumbai. This program under MHADA's Construction & Development Agency (C&DA) model covers 925 acres across 11 projects.
As per estimates, it will pave the way for the construction of around 75,000 rehabilitation tenements and nearly 30,000 housing units. The prorgam aims to replace ageing housing stock with contemporary residential developments while minimising disruption.
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