L to R - Shri Abhay Chandak - Secretary, NAREDCO Maharashtra; Shri Sandeep Runwal, President, NAREDCO Maharashtra; Shri Rajan Bandelkar - President, NAREDCO National, Shri Jitendra Awhad, Hon. Minister of Housing, Govt. of Maharashtra; Dr. Niranjan Hiranandani - Vice Chairman, NAREDCO & Co-Founder, Hiranandani Group at NAREDCO Maharashtra's The Real Estate Forum 2022
MUMBAI: The Maharashtra government plans to redevelop 21 acres of prime land at Cuffe Parade in South Mumbai known as the fisherman’s colony or the Machchimar Nagar, which had gained notoriety after 10 Pakistani terrorists had landed here in 2008.
Speaking at The Real Estate Forum 2022, the honorable Minister for Housing, Government of Maharashtra stated that the colony is spread across 21 acres of land. He said
“Out of these 15 acres are open spaces. The government intends to involve the slum rehabilitation authority (SRA) which will take care of the process and then hand it over to someone with a vision to develop it further,”
Shri Awhad stated that there has been substantial growth in the number of premiums collected last year as compared to the last 10 years.
“The amount of premium collected by MHADA in nearly ten years that is from the year 2011 to 2021 was around Rs. 1902 crore. However, in the year 2021-2022, in the span of just one year we have collected around Rs 1873 crore in the premium collection,” the honorable Housing Minister stated.
Speaking at the function, Shri Awhad appreciated the efforts taken by the developers in beautifying the financial capital. He said,
“The state’s development is linked with its housing industry. The development of Mumbai with no open land available is possible only through the redevelopment of the existing spaces. This is helping the society at large,”
He added that the city of Mumbai with an increasing population can’t have a future if the developers don’t participate in its development.
The honorable Housing Minister also explained that the state government has taken the responsibility of introducing complete transparency in all the housing transactions.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Copyright © 2014 - 2022 The Global Indian New Network (TGINN)