After nearly 15 years and two failed developer attempts, the Maharashtra Housing and Area Development Authority (MHADA) has decided to take over a stalled redevelopment project in South Mumbai, aiming to expedite the completion and address the financial hardships faced by tenants.
MhadaSouth MumbaiRedevelopmentParvati BuildingSupreme CourtReal Estate MaharashtraMay 20, 2025
MHADA has taken over the project due to prolonged delays and the developer's default on temporary accommodation rent payments, leaving many residents financially strained.
The project, which began in 2013, remains incomplete. MHADA has been directed by the Supreme Court to take over and expedite the redevelopment process.
MHADA will provide transit accommodation to eligible tenants. If the transit accommodation is not accepted, the rent at the current rate will be paid to the tenants.
The Supreme Court directed MHADA to resolve the issues and expedite the project. The SC accepted MHADA's proposal to take over the stalled project and listed the matter for further process.
MHADA will initiate the process under Section 91-A of the Maharashtra Housing and Area Development (Amendment) Act, 2020, to develop the property and complete the project.
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