A high-level team from Japan’s Urban Renaissance Agency (UR) visited the Maharashtra Housing and Area Development Authority (MHADA) headquarters on Monday to discuss potential partnerships in affordable housing and urban redevelopment.

Delegation Reviews Key Projects

Led by Okamura Tomohito, Director of UR’s Global Affairs Department, the delegation was received by MHADA Vice President and CEO Sanjeev Jaiswal (IAS). The visitors examined ongoing housing, redevelopment, and cluster development initiatives, including Growth Hub projects in Mumbai.

Jaiswal briefed the group on major schemes, such as the B.D.D. Chawls redevelopment in central Mumbai, which will deliver modern two-bedroom units to 16,000 families. He also highlighted the Motilal Nagar project in Goregaon—poised to be India’s second-largest redevelopment—offering homes of around 1,600 sq. ft. each.

Cluster Redevelopment Draws Interest

The Japanese team expressed particular interest in the Kamathipura cluster redevelopment, a project to modernize the historic area while providing free 500 sq. ft. homes to nearly 8,000 families and preserving heritage elements.

Other initiatives discussed include Punjabi Colony at GTB Nagar, Siddharth Nagar (Patrachawl) in Goregaon, Abhyudaya Nagar, Poonam Nagar in Jogeshwari, Sardar Vallabhbhai Patel Nagar in Andheri, Worli Adarsh Nagar, and Bandra Reclamation. These projects are expected to add nearly 600,000 new homes to Maharashtra’s housing stock.

Potential for India-Japan Collaboration

Jaiswal described MHADA’s role in addressing Mumbai’s housing shortage through large-scale redevelopment, noting opportunities for collaboration with UR, a government-funded entity with expertise in urban housing.

Okamura praised Maharashtra’s efforts to create a smart, inclusive city and reaffirmed Japan’s commitment to supporting India’s urban development goals. He indicated UR’s interest in future joint projects on redevelopment and cluster initiatives in Mumbai.

Also Read: Naigaon BDD May See Fresh Tenders

You May Also Like

Institutional real estate investment in India at USD 4.3 billion in 2021

Institutional investment in 2021 closed at USD 4.3 billion, a decline of…

Luxury Sales Share At 21% from 7% in 5 Years, Affordable Housing Down to 20% From 37%

The Indian residential property sector surged relentlessly on in Q1 2024 in…

Notice of De-Registration Applications for 2 Pune Real Estate Projects

MahaRERA has issued a notice regarding the de-registration applications for DB Commercial Phase 1 and Phase 2, managed by Pune Buildtech Pvt Ltd. The notice invites public objections within thirty days from September 11, 2024. Objections should be sent to director-comp@maharera.mahaonline.gov.in.

Pan India Residential Market Sees Stable Growth Amid Mixed Trends in Q1 FY 25

In the first quarter of fiscal year 2025, the Pan India residential…