The redevelopment project will cost close to Rs 22,000 crore.
The Maharashtra State cabinet has given a green signal for the redevelopment of Motilal Nagar in Goregaon-West, touted as the redevelopment of Mumbai’s biggest layout. Granting the project a special project status, the state cabinet appointed the MHADA its nodal agency.
Built-in 1960, Motilal Nagar is spread over 50 hectares, and hosts houses meant for people mostly belonging to the Economically Weaker Sections (EWS).
A statement from the chief minister’s office said that currently there were 1,600 hutments and slums and close to 3,700 houses, totaling 5,300 tenements that will benefit from this redevelopment scheme.
The MHADA will execute the redevelopment project under the redevelopment guidelines for 33(5) of the Development Control & Promotion Regulations (DCPR), 2034.
“The tender for the project will be finalized based on the agency that will provide the maximum share of the remaining built-up area (BUA) to the MHADA, excluding the rehabilitation portion,” the statement mentioned.
The redevelopment project will look at an investment of close to Rs 22,000 crore. It is planned to be developed as an integrated township that will have housing, workspaces, basic facilities like schools, and open spaces in the vicinity. As per the redevelopment guidelines, of the approved 1,600 sqft demarcated for residential purposes, the developer will pay the cost of construction for the 833.80 sqft additional area being redeveloped.
Of the approved 978 sqft non-residential land, the developer will pay the cost of construction for 502.83 sqft. Post the redevelopment, around 33,000 tenements will be made available.
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