Scrapping the Housing Development And Infrastructure Limited’s (HDIL) proposal to redevelop the 128-acre Motilal Nagar in Goregaon, the Maharashtra Housing and Area Development Authority has now decided to take up the revamp project.
The housing authority feels that the HDIL’s proposal to provide 16,541 low-cost apartments — 1,561 at Motilal Nagar and the rest in Virar — was not lucrative.
Niranjan Kumar Sudhanshu, chief officer, Mhada (Mumbai board), the housing board said, “They had proposed to build houses in Virar. We feel we can make more houses in Goregaon itself. So, we have planned to take up the project.”
The Motilal Nagar was built in 1960 to house people belonging to the economically weak sections. Though it has 200sqft houses, many have illegally extended their rooms owing to paucity of space. In the last few years, several builders such as the RNA, HDIL and Vichare have been offering redevelopment proposals to the residents. With an assured profit of at least Rs4,000 crore, builders have been offering tenants 1,500sqft houses with Rs11 lakh as corpus fund.
The HDIL’s scheme was the first one received by the housing authority under the Swiss Challenge System — under which private players suggest innovative ideas to the government — in October 2010. The ideas are scrutinised and competitive bids are invited.
The Mhada now plans to redevelop the area and rehabilitate the 3,628 tenants in its new 485sqft houses. The authority is also contemplating methods to provide corpus fund to the tenants.
Liases Foras, a real estate research firm, had suggested that Mhada could use its colonies to build low-cost houses. The Motilal Nagar project will be part of the initiative.
Residents, however, are not happy with the development. “We don’t want the Mhada or any private builder to undertake project. We would rather opt for self-redevelopment,” said Yuvraj Mohite, convenor, Motilal Nagar Vikas Samitee.
While against the Mhada’s proposal, the Motilal Nagar Redevelopment Coordination Committee is in favour of private builders. “We cannot afford self-redevelopment,” said Ramesh Shinde, general secretary of the committee.