Archive · 16 Sep 2025
MHADA to Lease Surplus Land, Aims to Earn ₹800 Crore
MHADA is redeveloping old buildings and building new homes in Mumbai.
After the new homes are built for the residents, there will be extra land left over.
MHADA plans to lease this extra land to companies for commercial use.
Three companies have already shown interest in leasing this land.
MHADA hopes to earn ₹800 crore from this leasing plan.
This money will help MHADA recover the costs of building the new homes, which are given to the residents for free.
MHADA is redeveloping BDD chawls in Mumbai.
Surplus land will be available for commercial use after housing construction.
Approximately 3,900 square meters of land is available.
MHADA anticipates earning ₹800 crore from leasing the land.
Three Mumbai-based companies have shown interest.
- Who
- MHADA
- What
- Leasing surplus land for commercial use.
- When
- Construction in progress, homes to be distributed by the end of the year.
- Where
- Naigaon and N.M. Joshi Marg, Mumbai.
- Why
- To recover construction costs.
- Organization
- Maharashtra Housing and Area Development Authority (MHADA)
- Land Locations
- Naigaon, N.M. Joshi Marg
- Land Area
- 3,900 square meters
- Revenue Expected
- ₹800 crore
- Purpose of Land
- Commercial use
- Companies Interested
- 3 Mumbai-based companies
- New Homes for Residents
- 500 sq. ft. homes