60 Storey Towers for MHADA MIG LIG South Bombay

For the first time since its inception, state housing authority MHADA will build over 60 storey skyscrapers for Middle and High Income Groups (MIG and LIG) in the heart of the island city.

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60 Storey Towers for MHADA MIG LIG South Bombay

MHADA MIG LIG South Bombay: For the first time since its inception, state housing authority MHADA will build over 60 storey skyscrapers for Middle and High Income Groups (MIG and LIG) in the heart of the island city.

These towers will come up in the next decade as part of the housing board’s on-going BDD chawls redevelopment in Central Mumbai. In all, 8,210 apartments built by MHADA will hit the market over the next 8 to 10 years in a belt currently cluttered with high-rise ultra-luxury housing.

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MHADA has mainly built low-rise buildings 7 to 10 storeys high for public housing, and recently ones over 20 floors. But this is the first time contractors appointed by MHADA will construct over 60-storey buildings with a mix of MIG and HIG.

These new flats will disrupt the real estate market as these homes will be sold at a much lower price than what private developers charge in their high-end projects. These skyscrapers will come up at three locations—NM Joshi Marg at Lower Parel, Naigaum-Dadar and Worli— where the three BDD enclaves are situated.

At Naigaum-Dadar, construction firm L&T has been appointed to redevelop the 13-acre BDD sprawl. As part of the free sale component, two skyscrapers, each over 60 floors high, have been planned. The 3,344 tenants who are currently living in cramped 160 sq ft tenements, will be rehabilitated in separate 22-storey towers free of cost. In the two sale towers, 60% of the flats will be reserved for MIG, 30% for HIG and 10% for commercial.

Shapoorji Pallonji and SD Corporation were awarded re-development rights for the NM Joshi Marg BDD chawls, where two towers of over 40 storeys will be built as part of the free sale component. There are currently 2,480 tenements in 32 chawls, which will be pulled down and redeveloped into 22-storey buildings. The Worli BDD sprawl is the largest of the three, spread over 53 acres.

Although the contract is yet to be awarded, the master plan shows as many as 10 free sale towers, each between 60 to 64 floors high. The contractor will rehabilitate 9,680 families living in 121 chawls at BDD Worli. This is the first redevelopment project of such magnitude executed by MHADA.

Source Link- https://timesofindia.indiatimes.com/city/mumbai/mhada-plans-60-storey-towers-for-mig-lig-in-sobo/articleshow/60976966.cms

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