Archive · 25 May 2025
MMRDA Invites Bids for Slum Redevelopment Project in Mumbai
The government is starting a project to rebuild a large slum area in Mumbai with new homes and buildings.
They are asking companies to help build these new homes.
The project will have over 17,000 homes, along with things like schools and parks, and a road to help people get around.
They've already borrowed money for the project.
This project is part of a bigger plan to improve the city and is important for the government to make money for other projects, such as the metro.
MMRDA has invited construction bids for the Ramabai Nagar slum redevelopment project.
The project aims to redevelop over 17,000 homes in Ghatkopar.
Phase I includes 5,623 tenements across 11 residential towers.
The project secured a Rs 1,500 crore loan from the Bank of Maharashtra.
The project includes amenities and a freeway link to ease traffic.
- Who
- MMRDA
- What
- MMRDA invited construction bids for slum redevelopment.
- When
- Bids invited recently, approved December 2023
- Where
- Ramabai Ambedkar Nagar and Kamraj Nagar, Ghatkopar, Mumbai
- Why
- To redevelop slum area and ease traffic; Generate funds.
- Tenements in Phase I
- 5,623
- Project Cost
- Rs 8,498 crore
- Total Project Area
- 31.83 hectares
- Carpet Area of Units
- 300 sq ft
- Phase I Deadline
- 36 months
- Institutional Loan
- Rs 1,500 crore
