A consortium comprising Tata Projects, Capicit’e Infraprojects Ltd. and China's CITIC has bagged a ₹ 11,744- crore project for redevelopment of existing BDD (Bombay Development Department) Residential and Commercial Societies (Chawls) at Worli, Mumbai.
Poised to be one of the biggest commercial and residential development projects in the country, the work involves redevelopment of 26 million square feet of area. Over 10,000 people are to be employed, and the construction is to be carried out in five phases over eight years.
More than 10,000 families associated with the redevelopment, for which Maharashtra Housing & Area Development Authority (MAHADA) is the implementing agency, would benefit by moving into a new home and get access to better quality of life.
Also, the region will witness large scale change (in the societal upliftment of the neighbourhood), a release from the company said.
Managing Director of Tata Projects Ltd. Vinayak Deshpande said this was one of the largest single value infrastructure projects in the country.
“Execution of this skyline-changing and socially-beneficial project shall help Mumbai become a world class city. This win is also a testimony to Tata Projects’ focus on developing high quality social infrastructure, while maintaining high standards of safety,” he said.
The proposed redevelopment would change the face of what is one of the oldest British era developments in Mumbai. BDD was set up in 1920 and the then Governor had designed a massive housing and development scheme on 22 hectares in Worli.
The construction of 121-chawl buildings, each with 80 rooms, was completed between 1921 and 1925, a project to address the housing shortage. Currently, around 9,700 families reside in the project precincts. With the housing colonies more than 90 years old and through with their life cycle, the government of Maharashtra decided on the redevelopment.
The project, being developed by Mumbai Housing & Area Development Board, a regional unit of MAHADA, comprises 98 rehabilitation and sale buildings having 22 floors to 66 floors and involving construction of around 26 million sq ft. Construction of around 720 units in transit camp is also a component of the project.
According to the release, the urban renewal project would serve as a model for other chawl development projects. By providing commercial centres within the campus, the project is aimed at increasing the economic output.
