BDD Naigaon project is back on track with MHADA officials confirming that Larsen & Toubro has withdrawn its termination. MHADA VP Anil Diggikar played a vital role in convincing the construction giant.
By Varun Singh
BDD Naigaon redevelopment had hit a road block after L&T had decided to withdraw from the project.
However, the ambitious BDD Naigaon Chawl redevelopment is now back on track, according to MHADA officials.
Yogesh Mhase, Chief Officer, MHADA’s Mumbai Board confirmed that L&T has withdrawn the letter of termination and decided to continue with the project.
At Naigaon, BDD there are a total of 42 Chawls, comprising of a total 9869 tenants. The funds required for the redevelopment is Rs 2,800 crore +.
MHADA in August as per reports received a letter from construction giant L&T expressing their desire to discontinue with Naigaon BDD redevelopment.
After this several rounds of meetings with L&T and top MHADA and government officials begun.
A MHADA official said, “The newly appointed MHADA Vice President Anil Diggikar played a vital role in convincing the construction giant to continue with the project.”
It is believed that L&T was unhappy that in spite of it receiving the contract three years ago, the work wasn’t moving ahead.
As per the work order issued by MHADA on April 17, 2017, L&T had made a security deposit towards performance security via bank guarantees worth Rs 145.14 crore.
During the Devendra Fadanvis led government, the tenders were floated for all the three BDD chawl redevelopment. These are NM Joshi, Worli and Naigaon.
Each tenant post redevelopment is to get a 2 BHK apartment measuring 500 sq ft in lieu of the current one room that they reside in.
The redeveloped apartments will have two bathrooms, while currently they share common bathroom located at every floor.
A detailed email sent to L&T seeking their comment got us no response.
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