Policy Designed to Bring Unified Vision to Urban Growth

Under the new policy, the Maharashtra Urban Development Department has empowered CIDCO (City and Industrial Development Corporation) and other planning authorities to implement concept-based and iconic development projects. This means large tracts of land will be developed according to a single plan, ensuring integrated infrastructure, seamless public spaces, and globally competitive urban environments.

Previously, developers individually undertook land development and infrastructure work after acquiring lease rights — resulting in inconsistent planning and implementation across different zones. The new model addresses this by designating a single Construction & Development Operator (CDO) for each project area, responsible for end-to-end development according to a unified masterplan.

Construction & Development Operator to Drive Change

The policy mandates a structured and transparent process for selecting a CDO through competitive bidding. The chosen operator will be responsible for:

• Preparing detailed master and infrastructure plans
• Completing construction within a structured timeframe
• Delivering identifiable milestones, including basic utilities and public facilities
• Marketing and selling developed units
• Maintaining infrastructure during the contract period

The total development timeline is spread over 20 years — with key targets such as 75% construction commencement by year 12, and full occupancy certification by year 20 — ensuring sustained focus on progress rather than sporadic building.

Strict Safeguards to Prevent Delays and Ensure Delivery

To make sure developers stick to the plan, the policy includes robust safeguards:

• Timeline targets: Specific stages must be completed within set periods — such as Certificate of Commencement (CC) and Occupancy Certificate (OC) targets
• Financial safeguards: Delays trigger penalties and advance revenue payments to authorities
• Land retention rules: Unbuilt land after project milestones can be reclaimed by the government
• Security deposit: Developers must provide a 10% fixed-fee deposit to guarantee performance

These measures aim to prevent projects from stalling — a common issue in unregulated development landscapes.

Theme-Based Iconic Development — Not Just Construction

A key feature of the policy is its emphasis on theme-based and iconic townships. Rather than random high-rise apartments, development areas will be designed with:

• Iconic architecture and public spaces
• Integrated residential and commercial zones
• Waterfronts, plazas, parks, and civic amenities
• Global-level infrastructure standards

The policy encourages high-quality planning that could include up to 15–25% of the area reserved for special theme elements, creating vibrant, world-class urban environments.

Transparent Two-Stage Bidding for CDO Selection

Project bidders will go through a clear two-stage process:

1. Technical Proposal: Shows design concept, planning capacity, and alignment with the iconic vision.
2. Financial Proposal: Covers revenue sharing, business model, and cash flow plans.

A committee will shortlist and evaluate bidders to ensure that selected CDOs have both the vision and the financial strength to deliver.

Revenue Sharing and Land Transfer Mechanism

Instead of outright selling plots, the policy allows CDOs to sell constructed units only after meeting development milestones. Revenue-sharing mechanisms ensure that CIDCO and other authorities receive their share before units are handed over to buyers.

Land for development will be transferred to the CDO phase-wise — and only if 75% of the previous phase’s construction and sale targets are met. This phased approach prevents stalled land parcels and promotes continuous progress.

A Move Toward Smart, Integrated Cities of Tomorrow

With this policy, the Maharashtra government is signaling a shift from unplanned, ad-hoc construction to coordinated, future-ready urban planning. By combining strict timelines, landmark design principles, and accountability measures, this new approach aims to deliver cities that are not only functional but also attractive and globally competitive.

This policy promises more than buildings — it envisions well-designed, sustainable, and dynamic urban spaces that reflect the aspirations of 21st-century city living.

Also Read: CIDCO Lottery receives so far 10K applications

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Supported by the Brihanmumbai Municipal Corporation (BMC) as Green Supporter, the initiative also partners with Meet in India, Incredible India, IGBC, CEE, IIA, BNHS–India, CDOS, and CREDAI–MCHI. The congress is expected to be India’s largest international event on landscape architecture, bringing together thought leaders from urban planning, ecology, design, and policy.

Industry innovators such as Freeform, Vyara, Wipro, K-Lite, SMARK, Fluidra by Astral, Simpolo, and KSR Brothers will also participate, showcasing the latest sustainable materials and design technologies.

“A platform for global dialogue”

Speaking at the announcement, Urmila Rajadhyaksha, President of ISOLA, said the congress aims to position landscape architecture as a key force in shaping the cities of tomorrow.

“Landscape architects have the power to influence how our cities evolve — balancing ecology with urban growth. Through this congress, ISOLA hopes to inspire collective action for a sustainable future,” she said.

Devyani Upasani Deshmukh, Convenor of IFLA–APR 2025, highlighted the event’s inclusive vision:

“The theme ‘Growth Paradox’ challenges us to rethink what kind of growth we are pursuing. Instead of constantly seeking what’s new, we must value and regenerate what already exists,” she said.

Urban collaboration and innovation

Jeetendra Pardeshi, Superintendent of Gardens and Tree Officer, BMC, underlined Mumbai’s unique challenges and innovations:

“Mumbai’s density leaves little room for open spaces, but it pushes us to innovate — through vertical gardens, podium greens, and terrace landscapes. Landscape architects are vital to improving the city’s environmental health,” he said.

Keval Valambhia, COO of CREDAI–MCHI, emphasized the need for intentional development:

“Growth is natural, but development must be conscious and humane. Landscape architecture connects the built environment with emotion and nature,” he said.

Mala Singh, Chairperson, IGBC, noted that landscape architecture is fundamental to truly green buildings, while Darshana Dubhashi, VP of IIA–Mumbai Chapter, called for collective and collaborative growth toward sustainable futures.

40+ speakers, exhibitions, and cultural showcase

The two-day congress will host 40+ eminent speakers from India and abroad, offering keynote sessions, debates, panel discussions, and exhibitions. A student-led Global Landscape Studio and a Manifesto Declaration will further promote awareness of sustainable growth among future generations.

The opening day will feature a traditional puppet show celebrating India’s cultural heritage, followed by the IFLA Awards Gala Nite, honoring excellence in landscape architecture across the Asia–Pacific region.

Also Read: Asia’s largest green real estate event to showcase over 1,000 sustainable technologies

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A Win for Citizens: Court Reclaims City’s Green Lung

The long-standing battle to protect Mumbai’s shrinking open spaces has culminated in a significant victory for citizens. Following a crucial Bombay High Court order, the Maharashtra Housing Department, through a government circular dated October 10, 2025, has issued directives to strictly enforce a mandate that requires 35% of land in certain Slum Rehabilitation Authority (SRA) schemes to be reserved, developed, and maintained as public open space.

This action stems from the High Court’s order dated June 19, 2025, on a writ petition (No. 1152/2002) filed by the NGO Alliance for Governance and Renewal (NAGAR) and others. The ruling addresses Regulation 17(3)(D)(2) of the Development Control and Promotion Regulations (DCPR) 2034, which governs slum redevelopment on lands originally reserved for public amenities. The court has directed the SRA and the State Government to ensure that no more than 65% of the total plot area is used for construction, with the remaining 35% dedicated as compulsory public open land.

Mandatory Conditions for Scheme Approval

The government circular lays out stringent, non-negotiable conditions for granting approval to SRA schemes, particularly those proposed on lands originally reserved for public use (like gardens, playgrounds, or parks) but currently encroached upon:

1. Pre-Existing Encroachment: The encroachment on the land must pre-date the date of the Development Plan reservation.
2. No Alternative Land: The developer must produce a certificate from the District Collector, authenticated by the Urban Development Department (UDD), confirming that no alternative government land is available for the rehabilitation component.
3. Contiguous Open Space: The 35% open space must be clearly shown in the layout plan at the Letter of Intent (LOI) or Commencement Certificate (CC) stage. This space must be contiguous (one unified block), usable, and easily accessible to the public.
4. No Future Shifting: The exact location, size, and orientation of the open space must be explicitly defined and cannot be modified or shifted under any pretext.
5. Special Review: Final approval must be granted by the Special Urban Planning Review Committee established by the State Government, ensuring all conditions have been met.

A New Monitoring Committee for Ground Reality

To prevent the 35% open space from remaining just a ‘paper’ amenity or a poorly located, unusable patch, the SRA, Mumbai office, is mandated to constitute a dedicated “Special Monitoring Committee,” to be headed by the Deputy Chief Engineer of the SRA.

The committee’s key responsibilities are:

• Demarcation and Inspection: To properly demarcate the 35% open space and carry out physical inspections of the site.
• Park Development: To oversee the development of the area into a functional public park, including landscaping, installing benches, providing walking tracks, and proper illumination.
• Public Access: To ensure the developed park is made available for free access to all citizens, not just the residents of the new SRA buildings.
• Transfer and Reporting: To verify the formal handover of the developed 35% open space to the Municipal Corporation or Local Authority.

Developer’s Obligation: From Landscaping to Maintenance

The circular places clear obligations on the developer to ensure the sustained quality of these new public spaces:

• Amenity Development: The open space must be developed with standard park features, including green landscaping, shaded tree plantation, seating areas, play equipment, and safety measures.
• Formal Transfer: The developed area must be formally transferred to the local governing body (like the BMC) within 90 days of receiving the Occupation Certificate (OC) for the project.
• Maintenance Guarantee: The developer is required to submit a capital grant or a maintenance fund along with an indemnity undertaking for the upkeep of the open space for a minimum period of 3 years post-transfer.

Strict Accountability and Judicial Oversight

The government has emphasized immediate and strict compliance with the High Court’s directions. Any schemes found to be in violation of the 65% construction limit or the 35% open space mandate will face immediate corrective action, including disciplinary proceedings against the concerned officials who approved the non-compliant plans.

Furthermore, the SRA must submit a half-yearly (every six months) affidavit to the Bombay High Court detailing the schemes approved and the status of the development, transfer, and public access to the 35% open spaces. This ongoing judicial oversight underscores the seriousness of the mandate to protect Mumbai’s environmental integrity.

Also Read: Affordable Housing Gets a Boost as Maharashtra Tweaks Sand Policy; Shorter Leases Aim to Curb Over-Extraction

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In a landmark decision that could reshape Mumbai’s skyline, the Maharashtra state cabinet on Tuesday approved a new Slum Cluster Redevelopment Scheme under the Slum Rehabilitation Authority (SRA). The policy allows construction beyond the current 4.0 Floor Space Index (FSI) cap in specific cases — a move expected to enable taller buildings and faster rehabilitation of slum dwellers across the city.

The decision, taken in a meeting chaired by Chief Minister Devendra Fadnavis, targets large slum-dominated land parcels on public, semi-government and private lands, aiming for redevelopment through a single, integrated planning framework.

Clusters of 50+ acres to be taken up under SRA

The scheme focuses on creating large redevelopment clusters, each at least 50 acres of contiguous land, with more than 51% area covered by slums.

The Slum Rehabilitation Authority will serve as the nodal agency, identifying eligible clusters and forwarding them to a High-Level Committee headed by the Additional Chief Secretary (Housing) for scrutiny. Final approval will come from the state government.

Unlike fragmented SRA schemes, this approach seeks to rebuild entire localities with modern infrastructure and integrated civic facilities.

Beyond 4 FSI: Extra development potential for rehabilitation

The most significant element of the scheme is that construction beyond 4.0 FSI will be permitted wherever required to accommodate rehabilitation of slums that cannot be redeveloped on-site, or to house Project Affected Persons (PAPs).

This additional FSI will be treated as an incentive under Regulation 33(10) of the Development Control and Promotion Regulations (DCPR) 2034, and can only be used for rehabilitation purposes, not for commercial exploitation.

This move could significantly increase vertical development in Mumbai, especially in large clusters where additional space is needed to resettle thousands of slum dwellers.

Multiple implementation models: JV, tenders, or single developer

The government has outlined three routes for implementing the scheme:

1. Joint Venture (JV) with a government agency,
2. Tendering process to appoint a private developer, or
3. Direct development by a single developer owning more than 40% of the cluster land, subject to state approval.

This flexibility is intended to speed up redevelopment while maintaining accountability.

Private and central government lands included

The scheme also brings central government lands into its fold, provided relevant agencies grant consent. Many slum pockets in Mumbai sit on such lands, making this a critical inclusion.

For private landowners, the government will offer compensation akin to the Town Planning Scheme (TPS) model — typically 50% of the land value in the form of developed plots with equivalent FSI. If owners decline, land can be acquired under the Land Acquisition, Rehabilitation and Resettlement Act (LARR), 2013, with costs borne by the developer.

CRZ slums to be relocated, land freed for public use and sale

Special provisions have been made for Coastal Regulation Zone (CRZ) I and II areas, where slums will be integrated into the cluster and rehabilitated elsewhere within it.

• CRZ I lands vacated will be used to create mandatory public amenities.
• CRZ II lands vacated will allow developers to build sale components as per regulations.

DCPR synergy: Tenants to get maximum benefits

Buildings within the cluster that are eligible for redevelopment under other DCPR provisions — such as 33(7), 33(5), or 33(9) — will get the higher of the two benefits: either the benefit under 33(10) or that under the applicable regulation.

This ensures that tenants and occupants are not disadvantaged by being part of a cluster scheme.

Integrated urban planning, not piecemeal projects

Mumbai has long suffered from fragmented redevelopment, with small, isolated SRA projects often unable to support adequate infrastructure. This new cluster-based model integrates:

• Slums,
• Old and dilapidated buildings,
• Tenanted structures, and
• Underutilized open plots

into a single urban planning framework. This approach is expected to improve infrastructure delivery, urban design, and living conditions for lakhs of residents.

A potential game changer for Mumbai

Experts believe this policy could accelerate slum rehabilitation and unlock large land parcels, while enabling taller, more efficient buildings that accommodate both rehabilitation and sale components.

By allowing FSI beyond 4, the state has provided a crucial planning lever to make large-scale redevelopment financially viable for developers while ensuring adequate rehabilitation stock for the city’s slum population.

Also Read: Builders ask Govt To Reconsider GST on FSI Charges, Warns of Potential 10% Increase in Housing Prices

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A prominent leasehold property in Worli — once home to the iconic Flora Chinese Restaurant — is at the center of a major action by the Brihanmumbai Municipal Corporation (BMC). In a detailed “speaking order” dated 14 July 2025, the BMC formally initiated termination of the 999-year lease granted in 1961 to M/s Khanna Construction House, citing repeated breaches, failure to redevelop the dilapidated structure, and non-payment of property taxes amounting to over ₹8 crore.

The property has been under legal dispute since the 1970s, leading to prolonged litigation, appointment of a court receiver, and ultimately, intervention by the Bombay High Court. Over the years, internal disputes among the partners and legal heirs stalled redevelopment, leaving tenants displaced since 2018.

The High Court’s Role: Two Chances Lost

The BMC’s action is backed by a series of Bombay High Court orders between 2022 and 2025.

• In July 2022, the Court gave the lessees six months to submit a collective redevelopment proposal, failing which BMC could take possession — while protecting tenants’ rights.
• The lessees failed to comply.
• The High Court again granted time in January 2025, but no common proposal was submitted.
• Finally, in June 2025, the Court vacated interim protections and permitted BMC to proceed with lease termination.

Importantly, the Court observed that the owners had failed to maintain the property, pay taxes, or take responsibility despite multiple opportunities — noting that tenants had been out of their homes for over seven years.

Why This Case Matters: Mumbai’s Leasehold Land Legacy

Many Mumbai properties — especially in prime areas — sit on leasehold land originally granted by BMC decades ago, often for 99 or 999 years. Over time, disputes, unclear succession, unpaid dues, and redevelopment delays have left numerous properties in limbo.

BMC’s order in this case is not routine. While the corporation does periodically issue notices for rent defaults or structural issues, a formal termination of a 999-year lease after High Court directions is significant. It signals that the BMC is willing to act on long-pending lease breaches, especially where public safety and tenants’ interests are at stake.

What It Means for Leasehold Property Owners

1. Non-compliance has consequences: Failure to pay taxes, maintain buildings, or follow lease terms can now lead to lease termination, even on century-long leases.
2. Court orders can fast-track BMC action: Once courts lay timelines for redevelopment, BMC can legally repossess land if owners fail to act.
3. Disputes among heirs/partners won’t stall civic action: As seen here, internal ownership fights don’t excuse non-performance.

Impact on Tenants and Occupants

Tenants in such buildings — often commercial establishments or residential occupants — are frequently left in limbo when redevelopment gets stuck. In this case, the High Court specifically directed BMC to protect tenants’ rights while taking possession. Under the city’s Development Control and Promotion Regulations (DCPR), tenants may eventually participate in redevelopment through societies or associations if owners fail.

This could set a template for how BMC deals with stalled leasehold properties: taking control, securing land, and eventually facilitating redevelopment under existing planning norms, while ensuring occupants aren’t permanently displaced.

Broader Civic Implications

BMC controls hundreds of leasehold plots across Mumbai, many of which have fallen into arrears or become structurally unsafe. For years, enforcement was patchy due to litigation and administrative delays. This case shows a clear legal pathway: if owners breach lease terms and ignore redevelopment directives, BMC can act — backed by High Court orders — to reclaim and repurpose valuable city land.

Urban planners see this as a possible turning point for civic bodies dealing with legacy leases that have outlived their original commercial arrangements.

Conclusion

While this specific case involves one Worli property, its impact could ripple across Mumbai. For property owners, it’s a reminder that long leases are not immunity shields. For tenants, it may offer hope of resolution in long-stuck projects. And for BMC, it could become a blueprint for asserting control over neglected city assets.

Also Read: Building on the road visited often by Gandhi & once by Obama sold for ₹93 crore

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It’s a matter of great concern for all Mumbaites that successive governments have shown little interest in resolving the burning issue of housing, including the recent phenomena of private property redevelopment in every corner of the city.

Ever since the SRA/MHADA authorities were formalized way back in 1996, when the slum population was in its nascent stages, these government authorities have kept on tweaking their policies in the name of eradicating slums. This, sadly, is just the opposite of what’s happening, keeping the issue burning. It’s no secret that it’s in the government’s interest to proliferate slums and keep on amending Development Control (DC) regulations to create large swathes of land for private developers. Most luxury towers in recent times have therefore mushroomed on such slum lands, and the government gave away insane concessions by charging exorbitant premiums for new construction—not for better planning, but for mutual profiteering!

Until now, real estate has thrived by abusing slum lands. However, as they say, greed has no limits. Now, under DCR 33(11) as well as 33(12), the government even lures private, often smaller properties on the pretext of constructing homes for Project Affected Persons (PAPs) in the same or an adjoining ward. In other words, you pay huge premiums to the government to construct housing for unknown PAPs. There is no official information on how many PAP houses have been constructed from premiums accrued under these regulations. The intent of regulation 33(11) is so blatant that the government has no qualms in selling additional FSI (Floor Space Index) in proportion to the Ready Reckoner (RR) rates of the proposed redevelopment. Today, in the western suburbs, the total redevelopment amount is three to four times that of the construction cost. So, even if the private plot owner or a cooperative society has their own land, which is the most expensive component in real estate, occupants are at the mercy of the government and private developers, as the entire process is complex and opaque. This is one of the main reasons that property sale prices in Mumbai are far more expensive than in any other metro city in the country.

The regulation is deliberately designed only to construct more on a given plot with the least respect for improving liveability. The FSI is randomly increased up to 4.05 to 5.40 for properties abutting roads that are 12 meters or 18 meters wide. In the process, open spaces are reduced to a width of 1.50 meters, irrespective of the building’s height, by charging an exorbitant premium. In other words, the government is actually selling our fundamental right to minimum natural light and air!

A recent study conducted in the upmarket JVPD area clearly shows how an absurd volume of concretization is detrimental not only to the urban skyline but also eventually leads to a terrible quality of life. This study of sixty small plots reveals that open spaces, designed as per the Town Planning (TP) scheme in the late sixties, constituted 6.00 acres out of a total of 9.76 acres of developable land, with an average building height of two to four stories. Now, with DCR 33(11), this open space is reduced to less than half—2.9 acres—whereas the building heights are touching 12 to 15 floors! Hence, the government has virtually snatched the right to natural light and air of not only the plot seeking development but also the neighboring plots. Such a drastic reduction of open space has already impacted the green cover. Similarly, roads originally planned for approximately 120 residents’ cars would now have to accommodate a whopping 1200 cars for the same width and length of roads, in addition to the ever-increasing through traffic. The two visual diagrams say it all: JVPD – Today & JVPD – Future!

Generally, building regulations are amended from time to time primarily to improve the quality of life and resolve new challenges for the future. But in our city, all along it’s only been about more construction, more density, more floating population, more car parks, more misuses, more greed, more social disharmony, and more corruption. The additional construction not only increases habitable areas as per the enhanced FSI but also allows another 70 to 80 percent of “free FSI” construction such as free stilts and entrance halls, free stairs and lift lobbies, free podiums, free basements, free gyms, free society offices, and so on.

The permissions under DCR 33-11 are issued by MHADA, so corruption is taken for granted. This is evident when hundreds of crores in corruption have made routine headlines in the media. While the credibility of many private developers is questionable, even the listed corporate companies have indulged in money-spinning redevelopment projects as another vertical to reflect in their balance sheets.

In this entire complex process, how the PAPs benefit becomes non-significant. I really wonder when our city’s influencers in government and privileged citizens will realize that it’s bad money when it is earned dubiously in the name of the poor!

Note: Killawala is an acclaimed and renowned architect based out of Mumbai. Views expressed in the article solely belong to the author.

Also Read: These are Mumbai City’s Most Dangerous Buildings to Live In – MHADA Declares 96 Cessed Buildings Unsafe in Pre-Monsoon Survey

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Described as the “nerve center” of Maharashtra’s new housing ecosystem, SHIP is one of the core reforms introduced under the Maharashtra State Housing Policy 2025, which was officially approved and published in July.

Real-Time Housing Dashboard for the Entire State

For the first time, Maharashtra will have a unified system that maps every sanctioned housing project — whether under MHADA, PMAY, SRA, private developers, or CSR-linked rental housing — and makes that data available to the public.

“This will be like the IRCTC of housing. You’ll be able to see which homes are being built, where, by whom, and for which income group — all in real-time,” said a senior Housing Department official.

Through SHIP, users will be able to:

• Track the number of homes under construction across districts and cities
• Filter by income category — EWS, LIG, MIG, rental, and even student or senior housing
• View project status: planned, under construction, delayed, or completed
• Verify MahaRERA registration and legal compliance
• Access land bank data and public housing schemes

How SHIP Works

SHIP is built as a GIS-enabled, AI-assisted data platform that integrates with multiple state and central databases:

All data will be geo-tagged and available in a public-facing dashboard as well as an internal planning interface for government departments.

Who Will Benefit from SHIP?

For Citizens:

• Transparency in project progress and legality
• Verified information on affordable housing schemes
• Real-time alerts for MHADA lotteries, PMAY status, or slum rehab eligibility

For Developers:

• Visibility for compliant projects
• Faster approvals through streamlined digital flow
• Reduced disputes over land status or permissions

For Government:

• Evidence-based policy decisions
• Early warning on delayed or stalled projects
• Unified monitoring across departments and schemes

Planning with Data, Not Guesswork

The SHIP rollout follows Maharashtra’s upcoming 2026 Housing Needs Assessment Survey, which will feed demand data into the platform. The government can then match real need with ongoing and proposed supply, avoiding mismatch and misuse of subsidies.

“With SHIP, no one will be able to claim a shortage or oversupply without evidence. Planning will be data-driven, not developer-driven,” said a policy advisor familiar with the project.

A Model for India?

While several Indian states have project-tracking dashboards for PMAY or RERA, SHIP is unique in its integration — it combines private, public, CSR, rental, green, and slum rehab projects under one digital umbrella.

With urban housing becoming both a challenge and a political priority, SHIP may soon become a national model for how state governments can digitize, democratize, and depoliticize housing development.

What’s Next?

• The beta launch of SHIP is expected later this year
• District-wise dashboards for housing stock and land availability will follow
• Future phases may include citizen feedback modules, homebuyer grievance status, and contractor accountability data

Bottom Line:

You will now know — at any given moment — how many homes are being built in Maharashtra, where they are, and who they’re meant for.
This is not just a tech upgrade. It’s a transparency revolution.

Also Read: Maharashtra Government to Fast-Track MSRTC Bus Depot Development, Invites Developers for 3,360 Acres of Land

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The report highlights a growing demand for purpose-built, wellness-focused senior housing, driven by shifting family dynamics, rising financial independence among seniors, and a demand for autonomy and dignity in retirement. Currently valued at USD 1–2 billion, India’s senior living sector remains nascent but is gaining traction with rising interest from developers, healthcare players, and private equity investors.

Key Findings:

• Independent living models dominate the market with a 90–95% share, while assisted living is slowly expanding.
• Monthly rentals for senior living homes range from ₹25,000 to ₹1 lakh, with outright prices in metros exceeding ₹2 crore.
• Non-metro cities like Coimbatore, Vadodara, and Mysore are emerging hotspots, with 34% of new projects located outside Tier-1 cities.
• Design innovations include biophilic architecture, tech-enabled care, and intergenerational community engagement.

“India has a once-in-a-generation opportunity to redefine ageing as a period of growth and connection,” the report states, calling for policy reforms such as GST relief, subsidised loans, and formal PPP frameworks to make senior housing more inclusive and affordable.

Recent investments from players like Max India, Gruhas, and Columbia Pacific underscore rising investor confidence, while projects like “Advait” in Gurugram set new benchmarks in luxury, sustainability, and care integration.

Savills concludes that India must act swiftly to build a resilient, empathetic senior living ecosystem—“not as a challenge to solve, but a future to design.”

Also Read: Senior Living with over 65% projects South India leads

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The agreement was formalized in the presence of Hon’ble Chief Minister N. Chandrababu Naidu, marking a significant step towards the capital city’s long-term development.

Strategic Financial Blueprint for Amaravati

NaBFID will act as a strategic advisor to APCRDA, helping to craft a high-impact financial roadmap for infrastructure development in Amaravati. The bank will assist in formulating financial strategies, assessing implementation models like Public-Private Partnerships (PPP), and identifying new revenue streams for the capital region.

Monetization and Revenue Strategies

One of the key areas of collaboration includes exploring monetization options for land assets and unlocking potential funding mechanisms. NaBFID will guide APCRDA in designing innovative financing models to ensure sustainable infrastructure growth.

Stakeholder Engagement and Investment Facilitation

Beyond financial planning, NaBFID will support APCRDA in engaging relevant stakeholders and facilitating investor participation in capital city projects. The goal is to create robust, service-oriented urban infrastructure aligned with Amaravati’s long-term development vision.

Leadership Statements

NaBFID Managing Director said the collaboration aims to unlock new financing avenues for Amaravati and contribute to the structured and service-oriented urban development of the city.

APCRDA Commissioner emphasized that the MoU marks a vital milestone in strengthening the financial ecosystem necessary for implementing Amaravati’s greenfield infrastructure vision.

Also Read: Revolutionizing Mumbai’s Real Estate: The Impact of Infrastructure Development on the MMR Landscape

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These were the strong words from hundreds of agitated residents of Motilal Nagar who gathered at Picasso Hall, Goregaon (West) on Saturday evening to voice their opposition to what they call an “unjust and one-sided redevelopment plan.” The meeting, organised by the Motilal Nagar Vikas Samiti, saw participation from over 3,700 commercial and residential unit holders, demanding that the state government revoke or amend the controversial GR issued during the MVA regime.

Residents alleged that the 2021 GR not only stripped them of their rights to increased carpet area, but also paved the way for private developers—especially Adani Properties—to gain a disproportionate advantage in the MHADA redevelopment tender.

According to the Samiti, MHADA considered only the original 21 sq.m. units as the base entitlement, ignoring the additional 45 sq.m. legally purchased by many residents in 1986-87. Urban planner Sandeep Kanagutkar and PMC Akbar Jeevani presented a detailed breakdown, arguing that as per DCPR 2034, Clause 33(5), and with benefits of 4 FSI, fungible FSI and pro-rata entitlement, every resident should be eligible for up to 3,560 sq.ft. carpet, while non-residential units could get up to 3,395 sq.ft.

Even after adjusting for construction cost and MHADA/C&D company profit, residents claim they deserve a minimum of 2,400 sq.ft. carpet area (residential) and 2,100 sq.ft. (non-residential)—far more than the 1,333 sq.ft. and 822 sq.ft. being offered under the current plan.

The residents further pointed to the timing and structure of the tender. Earlier this year, Adani Properties Pvt. Ltd. won the bid to redevelop 143 acres of Motilal Nagar, committing to build 3.97 lakh sq.m. of rehab housing for MHADA while receiving 18.8 lakh sq.m. of sale area in return. The residents allege that the terms of the MVA-era GR directly facilitated this outcome by reducing developer obligations and cutting citizen benefits.

“We’ve seen the government reverse several such unfair decisions made during the previous regime. We are only asking for the same in our case,” said Nilesh Prabhu, Joint Secretary of the Samiti. He added that if the government finds it difficult to grant them their due, residents are fully prepared for self-redevelopment, and urged CM Devendra Fadnavis to support them under his One-Window policy for self-redevelopment projects.

A legal challenge to the 2021 GR is already underway in the Bombay High Court, and the Samiti has made it clear that it is ready to take the matter to the Supreme Court if needed. In the coming days, delegations plan to meet Chief Minister Fadnavis and Deputy CM Eknath Shinde to present a formal memorandum of their demands.

Until then, residents have called on the government to withhold the allotment letter (AOA) to Adani and put the redevelopment process on hold.

Also Read: MHADA to construct 12724 flats in the coming financial year

The post Motilal Nagar Residents Oppose Adani, Claim MVA’s 2021 GR Favoured Developer Over Residents appeared first on Square Feat India.