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The consortium of TATA Projects, Capicite Infraprojects and CITIC Group has been awarded an ₹11,744-crore project by the Maharashtra government and Maharashtra Housing & Area Development Authority.
The order is for redevelopment of existing BDD (Bombay Development Department) Residential and Commercial Societies (Chawls), one of the oldest British-era developments in Mumbai.
Located in Worli, the project will involve redevelopment of 26 million square feet of area. It is set to employ over 10,000 and the construction will be carried out in phases over a period of eight years.
More than 10,000 families associated with this redevelopment will benefit by moving into a new home, will have access to improved quality of life and the region will witness large-scale change in the societal upliftment of the neighbourhood.
Vinayak Deshpande, Managing Director, TATA Projects Ltd, based in Hyderabad, said, “This is one of the largest single value infrastructure projects in the country. Execution of this skyline changing, socially beneficial project, shall help Mumbai become a world-class city. This win is also a testimony to TATA Projects focus on developing high-quality social infrastructure, while maintain high standards of safety.” This massive commercial and residential urban renewal project is of significant national importance towards societal upliftment.
BDD was set up in 1920 by the then Governor, who designed a massive housing and development scheme on 22 hectares in Worli. The construction of 121 chawl buildings, each with 80 rooms, was completed between 1921 and 1925 to solve the massive housing shortage during that time. Currently around 9,700 families reside in the project precincts.
Since the housing colonies are now more than 90 years old and have completed their life cycle, the Mahrashtra government decided on their redevelopment.
Project plan
It will be developed in five phases over eight years. The project comprises around 98 rehabilitation and sale buildings having 22-66 floors and involves construction across 26 million square feet.
The project also requires construction of 720 units in transit camp. Around 10,000 employment opportunities will be generated through this project.
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