In a significant boost for stalled slum rehabilitation projects in Bandra (West), the Slum Rehabilitation Authority (SRA) has issued fresh public notices for land acquisition, signaling that redevelopment of two key plots previously controlled by the embattled HDIL group is finally moving forward.
The notices, issued on May 6, 2026, pertain to CTS No. F/62 (606.20 sq.mtr) and CTS No. F/650 (595.80 sq.mtr) in Village Bandra. The SRA has invited objections from landowners and interested parties within 30 days for acquisition of these lands under Section 14(1) of the Maharashtra Slum Areas (Improvement, Clearance & Redevelopment) Act, 1971, to facilitate slum rehabilitation.
The applicant in both notices is Jivanam Developers Pvt. Ltd.
Background of the Projects
These plots form part of three clubbed SRA schemes — Pali Pereirawadi SRA CHS, Adarsh Nagar SRA CHS, and Gautam Kripa Dheeraj Grand SRA CHS — that had been handed over to companies associated with the HDIL group (Housing Development and Infrastructure Ltd.).
In a landmark order passed on January 6, 2025, the Chief Executive Officer of SRA, Dr. Mahendra Kalyankar, had terminated the appointments of M/s R.K.W. Developers Pvt. Ltd., Housing Development & Infrastructure Ltd. (HDIL), and Damask Infracon Pvt. Ltd. as developers of these schemes. The SRA cited prolonged delays, non-payment of transit rent to slum dwellers for several years, and the developers’ lack of financial capacity to complete the projects.
The authority then approved the takeover by Piramal Capital & Housing Finance along with Jivanam Developers Pvt. Ltd. under the government’s Amnesty Scheme.
HDIL’s Downfall
HDIL, once one of Mumbai’s largest real estate developers known for aggressive SRA projects, ran into severe financial and legal trouble following the collapse of its sister concern, DHFL (Dewan Housing Finance Corporation Ltd.). The Enforcement Directorate (ED) launched a major money laundering investigation against the Wadhawan brothers and their companies, alleging diversion of funds through various SRA projects in Mumbai. Multiple HDIL projects, including those in Bandra, were placed under status quo, severely halting progress and leaving thousands of slum dwellers in limbo for years.
The National Company Law Tribunal (NCLT) also initiated insolvency proceedings against the group, further complicating project execution.
Ray of Hope for Residents
With the latest land acquisition notices, the new developers are now taking concrete legal steps to clear hurdles and move the projects into the construction phase. Slum dwellers, many of whom vacated their homes over a decade ago and have been receiving irregular or no transit rent, are hopeful that the change in guard will finally deliver them new homes.
The SRA has made it clear that the new joint developers will have to reimburse HDIL for verified expenses incurred on the projects as per Section 13(3) of the Slum Act.
This development marks an important chapter in the revival of stalled SRA projects across Mumbai, where private developers’ failure has increasingly led to financial institutions and new developers stepping in under government intervention.
Also Read: Home Buyers Of HDIL Projects Wary, Post PMC Bank Scam
