By Accommodation Times Bureau
TATA Projects Limited, Capicit’e Infraprojects Ltd and CITIC Group Consortium announced today that they have secured Rs. 11,744 Cr order for the redevelopment of existing BDD (Bombay Development Department) Residential and Commercial Societies (Chawl) at Worli, Mumbai.
The consortium comprising of TATA Projects, Capicit’e Infraprojects and CITIC Group has been awarded the project to makeover one of the oldest British era developments in Mumbai by the Government of Maharashtra (GoM) and Maharashtra Housing and Area Development Authority (MHADA).
As a result, more than 10,000 families associated with this redevelopment will benefit by moving into a new home, will have access to improved quality of life and the region will witness large-scale change (in the social upliftment of the neighbourhood).
The project, located in the premium hotspot of Worli, Mumbai; will involve redevelopment of 26 million square feet of area. It is set to employ over 10,000 people and the construction will be carried out in phases over a period of eight years.
Vinayak Deshpande, Managing Director, TATA Projects Limited said, “This is one of the largest single value infrastructure projects in the country. Execution of this skyline changing, socially beneficial project, shall help Mumbai become a world-class city. This win is also a testimony to TATA Project’s focus on developing high-quality social infrastructure while maintaining high standards of safety.”
This massive commercial and residential development is the biggest redevelopment project in India. This urban renewal project is of significant national importance towards societal upliftment as it intends to provide safe and secure habitat, develop critical support infrastructure and improve the surrounding environment, thus raising the quality of life. It shall serve as a model for other chawl development projects. The project also aims to increase the economic output through the provision of commercial centres within the precinct. The implementing agency for the project is Maharashtra Housing and Area Development Authority (MHADA).
About the Project
The Bombay Development Department (BDD) was set up in 1920 by the then Governor, who designed a massive housing and development scheme on 22 hectares of land in Worli. The construction of 121 chawl buildings, each with 80 rooms, was completed between 1921 and 1925 to solve the massive housing shortage during that time. Currently, around 9,700 families residing in the project precincts. Since the housing colonies are now more than 90 years old and have completed their life cycle, the Government of Maharashtra decided for its redevelopment.
The project is being developed by Mumbai Housing and Area Development Board, a regional unit of Maharashtra Housing and Area Development Authority and will be constructed in 5 phases in 8 years. The project comprises of around 98 rehabilitation and sale buildings having 22 to 66 floors and involves construction across 26 million square feet. The project also requires the construction of around 720 units in the transit camp. Around 10,000 employment opportunities will be generated through this project.