According to MHADA, Adani Properties secured the highest financial bid for the 34.33-acre Adarsh Nagar cluster in Worli and the 98.27-acre Bandra Reclamation cluster. For the 73.89-acre S.V.P. Nagar redevelopment project in Andheri (West), the highest bid was submitted by a consortium comprising Hanura Realty Pvt. Ltd., Chandak Realtors Pvt. Ltd., Premsagar Infra Realty Pvt. Ltd., and Vantier Realty Pvt. Ltd. Hanura Realty is a subsidiary of JSW Steel Ltd.

The bids will now be placed before the High-Powered Committee constituted for these projects. Following the committee’s approval, the proposals will be forwarded to the Maharashtra government for final approval before the appointment of Construction and Development Agencies (C&DAs) is formalised.

MHADA had invited bids for the three projects on April 8, 2026, with the submission deadline set for May 18. After technical evaluation, the financial bids were opened on May 27.

The three projects are among the largest redevelopment initiatives currently being undertaken by MHADA in Mumbai. Together, they cover nearly 206.5 acres of land in some of the city’s most valuable urban locations. MHADA has stated that eligible residents will receive transit rent during construction and a corpus fund for maintenance after rehabilitation.

Adani’s Growing Presence in Mumbai Redevelopment

The Worli and Bandra Reclamation projects add to a series of large redevelopment assignments secured by Adani Group entities in Mumbai over the past few years.

One of the most significant projects is the redevelopment of Motilal Nagar in Goregaon (West), where Adani Properties emerged as the highest bidder in March 2025. Spread across approximately 143 acres, Motilal Nagar is MHADA’s largest redevelopment project and is estimated to involve investments of around ₹36,000 crore. The project covers Motilal Nagar 1, 2 and 3 and includes rehabilitation of existing residents, commercial occupants and slum tenements.

In July 2025, MHADA signed a formal agreement with Adani Properties for the execution of the Motilal Nagar redevelopment project. MHADA has said the project will add nearly 4 lakh square metres of constructed area to its housing stock while rehabilitating thousands of residents.

In April 2026, MHADA released the master plan for Motilal Nagar, describing it as India’s largest urban redevelopment project. The redevelopment spans around 143 acres and is expected to involve total investments of up to ₹1 lakh crore over multiple phases. Adani Realty is the appointed Construction and Development Agency for the project.

Apart from Motilal Nagar, Adani Group is also executing the Dharavi Redevelopment Project, one of Mumbai’s largest urban renewal initiatives. The group secured the redevelopment contract after emerging as the successful bidder in the government-led tender process.

With Adarsh Nagar (Worli) and Bandra Reclamation now added to the list of projects where Adani Properties has emerged as the highest bidder, the company is associated with multiple large-scale redevelopment and urban renewal projects across Mumbai, including Dharavi and Motilal Nagar. The final award of the Worli and Bandra Reclamation projects will be subject to approvals from the High-Powered Committee and the state government.

For Bandra Reclamation, the project covers approximately 98.27 acres, making it one of the largest MHADA-led cluster redevelopment schemes currently under consideration. The project aims to rehabilitate eligible residents while upgrading infrastructure and public amenities through a comprehensive redevelopment model.

MHADA has stated that all three cluster redevelopment projects are intended to create planned neighbourhoods with modern infrastructure, improved civic amenities and sustainable urban development while ensuring rehabilitation benefits for eligible residents.

Also Read: Adani, Sunteck show interest to acquire HDIL

The post Adani Tops Bid for MHADA’s Worli Cluster Redevelopment, Also Emerges Highest Bidder for Bandra Reclamation appeared first on Square Feat India.

The Government Resolution, issued on March 24, 2026, confirms that both central and state shares will be disbursed through the SNA-SPARSH system to accelerate housing projects in multiple cities.

What Has Been Approved?

• Total Fund Released: ₹29.46 crore
• Central Share: ₹17.68 crore
• State Share: ₹11.78 crore

This funding falls under AHP (Affordable Housing in Partnership) component of PMAY (Urban), specifically targeting Scheduled Caste (SC) beneficiaries.

Where Will the Money Be Used?

The funds will support dozens of housing projects across Maharashtra, including:

• Chhatrapati Sambhajinagar (Aurangabad) – Multiple large EWS housing projects
• Pune & PCMC areas – Pimpri-Chinchwad, Kharadi, Hadapsar, Mahalunge
• Mumbai Metropolitan Region (MMR) – Navi Mumbai, Thane
• Nagpur, Nashik, Kolhapur, Solapur, Sangli, Chandrapur, Akola, Buldhana, Ahmednagar, Palghar

Most projects are focused on EWS (Economically Weaker Section) housing, with some including LIG/MIG units.

Scale of Housing Projects

Some major highlights:

• Thousands of EWS units in Chhatrapati Sambhajinagar
• Large-scale housing in Navi Mumbai (Taloja, Dronagiri, Kharghar)
• Multiple projects in Pune region, including PCMC and Maval
• Affordable housing developments in Tier-2 and Tier-3 cities

How the System Works

• Funds will be routed via SNA-SPARSH digital platform
• MHADA is the nodal (implementing) agency
• Local bodies and agencies must complete:
  • Project mapping
  • E-sign (E-Hastakshar) processes
  • Compliance with financial guidelines

Conditions & Compliance

The government has laid down strict rules:

• Funds must be used only for approved housing projects
• All agencies must follow financial and procedural guidelines strictly
• Proper monitoring and reporting is mandatory
• Any misuse or deviation will invite action

Why This Matters

This move is important because:

• It boosts affordable housing supply for weaker sections
• Helps speed up stalled or ongoing projects
• Strengthens PMAY (Urban) implementation in Maharashtra
• Supports the government’s “Housing for All” mission

Big Picture

With this funding push, Maharashtra is accelerating construction of affordable homes across urban regions, especially for SC beneficiaries. The focus remains on faster execution, transparency, and targeted delivery through digital monitoring systems.

Also Read: Maharashtra Implements ‘SNA-SPARSH’ System for Faster Fund Transfers under PMAY (Urban) and PMAY 2.0

The post 📰 PMAY Big Boost: ₹29.46 Crore Released for Affordable Housing Projects Across Maharashtra appeared first on Square Feat India.

The decision was issued through a Government Resolution dated March 12, 2026, by the state’s Housing Department. The funds will be disbursed through the SNA-SPARSH digital platform, which is used for the transfer of funds under the PMAY-Urban scheme.

Breakdown of Central and State Funding

The total sanctioned amount of ₹8.91 crore includes contributions from both the central and state governments:

• ₹5.34 crore – Central Government share
• ₹3.56 crore – Maharashtra State share

The funding forms part of the larger mother sanction of ₹269.65 crore approved by the Union Government for projects under the AHP component (SLS Code – MH 676) of the PMAY-Urban programme.

Implementation Through MHADA

The projects will be implemented under the supervision of the Maharashtra Housing and Area Development Authority, which has been designated as the state-level nodal agency for the scheme.

The Drawing and Disbursing Officer (DDO) for the funds will be the Finance Controller of MHADA, ensuring that the funds are allocated to implementing agencies for the specified projects.

Authorities have also directed all implementing agencies to complete SLS component mapping and the e-signature process on the SNAP portal before receiving funds under the scheme.

Affordable Housing Projects Across Multiple Cities

The funding will support several affordable housing projects across Maharashtra, including cities such as:

• Chhatrapati Sambhajinagar
• Nagpur
• Pimpri-Chinchwad
• Pune
• Kolhapur
• Chandrapur
• Solapur

These projects largely focus on Economically Weaker Section (EWS) housing units, with some developments also including Lower Income Group (LIG) units.

Major Housing Projects Supported

Among the major projects included in the funding list are:

• 3,288 EWS housing units at Sundarwadi in Chhatrapati Sambhajinagar
• 1,976 EWS units at Tisgaon in Chhatrapati Sambhajinagar
• 4,680 EWS units at another site in Tisgaon
• 1,288 EWS housing units at Brohadewadi in the Pimpri-Chinchwad Municipal Corporation area
• 1,442 EWS housing units at Charholi in Pimpri-Chinchwad
• 370 EWS housing units at Pimpri Waghire
• 568 EWS units at Akurdi in Pimpri-Chinchwad
• 264 EWS and 60 MIG units at Datala in Chandrapur
• 401 EWS housing units across locations in Nagpur
• 1,200 EWS and 1,200 LIG units at Dahitane in Solapur

Several projects are being implemented by municipal corporations such as Pimpri-Chinchwad Municipal Corporation and Pune Municipal Corporation, while others are being executed by regional housing boards under MHADA.

Focus on Tribal Housing Component

The funding released in this phase specifically targets the Scheduled Tribe (ST) component of PMAY-Urban, ensuring that tribal beneficiaries receive support under affordable housing initiatives.

Officials have directed implementing agencies to ensure that the funds are used strictly for the purpose for which they have been sanctioned, following financial guidelines issued by the state Finance Department.

Strengthening Affordable Housing Supply

The Affordable Housing in Partnership (AHP) model encourages collaboration between government agencies, housing boards, and private developers to build housing for economically weaker sections.

With the latest funding release, the state government aims to accelerate construction of affordable homes across urban areas and improve access to housing for low-income families.

Also Read: Maharashtra Implements ‘SNA-SPARSH’ System for Faster Fund Transfers under PMAY (Urban) and PMAY 2.0

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The funds include ₹246.62 crore as the central share and ₹164.41 crore as the state share, to be distributed for projects categorized under the general component (non-SC/ST). The decision was formalized through a Government Resolution dated 27 February 2026 issued by the state housing department.

Why This GR Is Important

This funding is not merely an administrative step — it signals:

• acceleration of stalled affordable housing projects
• liquidity support for developers and implementing agencies
• increased supply pipeline for EWS/LIG buyers
• execution push before scheme deadlines

The sanction falls within the “Mother Sanction” already approved by the Ministry of Housing and Urban Affairs, which had cleared ₹269.65 crore total central assistance for Maharashtra’s projects under this component.

How the Funds Will Be Distributed

The sanctioned amount will be routed through the SNA-SPARSH digital fund-tracking system and disbursed to implementing agencies after compliance with technical and administrative procedures such as:

• SLS code mapping
• digital signatures
• portal verification

The nodal agency for implementation is the Maharashtra Housing and Area Development Authority (MHADA), which will oversee distribution and ensure utilization strictly for approved projects.

Massive Statewide Housing Pipeline Activated

The approval covers 117 housing projects across Maharashtra, spanning cities including:

• Navi Mumbai
• Pune
• Nagpur
• Solapur
• Nashik
• Thane
• Kolhapur
• Chandrapur
• Raigad
• Satara

The projects collectively include tens of thousands of EWS and LIG homes, with some of the largest allocations going to large-scale housing clusters such as:

• Navi Mumbai multi-sector housing projects with thousands of units
• Pune metropolitan region EWS developments
• Nagpur and Solapur bulk affordable housing clusters

Some individual mega-projects alone received allocations exceeding ₹1,000 crore total project value when combining state and central shares.

Who Benefits the Most

1. EWS Buyers

Most projects funded are targeted at the Economically Weaker Section (EWS) category — the segment facing the biggest housing shortage.

2. First-Time Homebuyers

Increased supply typically stabilizes prices and expands eligibility options under subsidy schemes.

3. Developers in PPP Housing

Many projects operate under public-private partnership models, meaning developers receive funding certainty, reducing financing risk.

Policy Signal: Government Is Accelerating Affordable Housing

The timing of the approval indicates a strategic policy push:

• clearing pending installments
• ensuring projects meet deadlines
• preventing cost escalations
• maintaining construction momentum

Housing analysts often treat fund releases — not announcements — as the real indicator of project execution. A sanctioned and disbursed installment typically means projects are entering or continuing construction phases.

What Buyers Should Decode from This Data

Real estate watchers can interpret this GR as a supply-side signal:

In practical terms, more funded projects today means more affordable flats entering the market over the next 12–36 months.

Compliance Conditions Attached

The government has instructed all implementing agencies to:

• spend funds only for sanctioned purposes
• follow financial guidelines issued by the finance department
• maintain audit compliance
• adhere to PMAY technical norms

Failure to comply could delay further fund releases.

Bigger Picture: Affordable Housing Supply Cycle

Affordable housing projects usually follow a four-stage cycle:

1. Administrative approval
2. Fund sanction (current stage)
3. Construction execution
4. Possession phase

With the sanction now issued, most projects move into stage 2–3, which is where actual supply creation begins.

Also Read: Only Rs 1k stamp duty for EWS and LIG homes under PMAY

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Dharavi Redevelopment: A New Era for Asia’s Largest Slum

Scope of the Project: Dharavi, known as one of Asia’s largest informal settlements, is undergoing a monumental redevelopment. The initiative aims to replace the current informal housing with modern, high-rise residential buildings, commercial spaces, and enhanced infrastructure.

Objectives and Vision: The redevelopment seeks to elevate living conditions by improving sanitation, housing quality, and overall amenities. It also aims to create a more organized commercial environment, contributing to the area’s economic upliftment. Residents will be temporarily relocated to facilitate this extensive redevelopment.

Progress and Key Players: The Adani Group has been awarded the contract for the redevelopment of Dharavi. It is expected from Adani that they will transform the area into a modern, integrated urban environment.

Challenges Faced: The project is grappling with substantial investment requirements, logistical complexities related to relocating thousands of residents, and the intricate task of upgrading infrastructure while preserving the community’s social structure.

Also Read: Dharavi Redevelopment Construction Set to Begin Within Six Months

Kamathipura Redevelopment: Revitalizing a Historic Area

Scope of the Project: Kamathipura, known as one of Mumbai’s oldest and most notorious red-light districts, is undergoing a significant redevelopment effort. This project focuses on transforming the area into a mixed-use development featuring modern residential buildings, commercial spaces, and community facilities.

Objectives and Vision: The redevelopment aims to improve living conditions and safety for the area’s current residents while providing new housing and amenities. The project also seeks to revitalize the area’s economic potential and integrate it more seamlessly into the broader urban fabric of Mumbai.

Upcoming Plans: The Maharashtra Housing and Area Development Authority (MHADA) is planning to float a tender soon for the redevelopment of Kamathipura. This move is expected to attract developers and investment, setting the stage for a major transformation of the area.

Challenges Faced: Redeveloping Kamathipura presents challenges including addressing the socio-economic issues tied to its history, managing the relocation of existing residents, and ensuring that the new developments foster community well-being and economic opportunity without displacing vulnerable populations.

Also Read: Kamathipura Redevelopment Again On The Block.

BDD Chawl Redevelopment: Preserving Heritage While Modernizing

Scope of the Project: The redevelopment of BDD Chawls (Bombay Development Directorate Chawls), historic housing complexes built in the 1920s and 1930s, is now underway. This project aims to replace the aging structures with new, modern residential buildings while preserving the historical essence of the area.

Objectives and Vision: The redevelopment seeks to improve living conditions for the current residents by providing modern amenities and better infrastructure. The project also aims to balance the need for new housing with the preservation of the architectural and historical significance of the BDD Chawls.

Key Player: MHADA is spearheading the redevelopment of the BDD Chawls. The authority’s involvement ensures that the project aligns with both contemporary urban standards and the preservation of the historical character of the chawls.

Challenges Faced: The redevelopment faces challenges such as balancing modernization with heritage preservation. Ensuring that the new development respects the historical character while meeting current urban standards is a complex task.

Also Read: MHADA to Provide 11 Months’ Rent in One Installment to Eligible Tenants in BDD Chawl Redevelopment Project

Broader Implications for Mumbai’s Urban Landscape

Economic Growth and Investment Opportunities: The influx of redevelopment projects is stimulating economic growth by drawing substantial investments from real estate developers and financial institutions. This surge is creating job opportunities and potentially setting new real estate trends in Mumbai and other major Indian cities.

Enhancements in Urban Infrastructure: Redevelopment efforts are focused on upgrading essential urban infrastructure, including roads, sewage systems, and public transportation facilities. These improvements are expected to enhance the overall quality of life and connectivity within the city.

Social and Cultural Impact: While redevelopment promises improved living conditions, it also raises concerns about community displacement. Addressing these social issues through adequate compensation and resettlement options is crucial. Additionally, the transformation of historic and culturally significant areas may alter the social fabric and cultural dynamics, highlighting the need to balance modernization with heritage preservation.

Conclusion: Mumbai’s redevelopment projects represent a significant step towards modernizing the city and meeting the needs of its expanding population. However, the success of these initiatives will hinge on effective planning, resource management, and the careful consideration of social and environmental impacts associated with such large-scale urban transformations.

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