Revamping Mumbai's Real Estate: MHADA's List of 20 Dangerous Cessed Buildings

MHADA has declared a list of 20 dangerous cessed buildings in Mumbai

MhadaMumbaiReal EstateCessed BuildingsRedevelopmentReal Estate MumbaiMay 30, 2024

Revamping Mumbai's Real Estate: MHADA's List of 20 Dangerous Cessed Buildings

Real Estate Mumbai:The Maharashtra Housing and Area Development Authority (MHADA) has recently released a list of 20 dangerous cessed buildings in Mumbai, highlighting the need for urgent attention to the city's real estate industry. Cessed buildings, which are structures that have been handed over to MHADA for redevelopment, have been a concern for the authorities and residents alike. Many of these buildings are in a dilapidated state, posing a risk to the lives of those who inhabit them.

Over the years, MHADA has been working towards redeveloping these cessed buildings, but the process has been slow due to various reasons. The authority has been facing challenges such as obtaining consent from residents, resolving disputes over tenure and ownership, and overcoming bureaucratic hurdles.

The list of 20 dangerous cessed buildings includes structures in areas such as Dadar, Matunga, and Wadala. These buildings are in a precarious condition, with many of them having been declared unfit for habitation. The residents of these buildings have been living in fear of collapse, and MHADA's declaration has brought some relief to them.

The redevelopment of cessed buildings is not only crucial for the safety of residents but also for the transformation of Mumbai's real estate industry. The city's real estate market is known for its high prices and limited supply, and the redevelopment of these buildings can help increase the availability of affordable housing.

The use of technology such as virtual reality and 3D property tours can also play a significant role in transforming the real estate industry. These tools can help buyers and investors make informed decisions about properties, reducing the need for physical site visits and enhancing the overall buying experience.

Other innovations such as smart home and building automation, and blockchain technology, can also contribute to the growth of the real estate industry. Smart homes and buildings can improve the quality of life for residents, while blockchain technology can increase transparency and security in property transactions.

MHADA (Maharashtra Housing and Area Development Authority) is a statutory body established under the Maharashtra Housing and Area Development Act, 1976. The authority is responsible for the development and maintenance of housing infrastructure in the state of Maharashtra.

MHADA is committed to providing affordable housing solutions to the people of Maharashtra. With its vision to transform the state's housing landscape, MHADA is working towards creating sustainable and eco-friendly habitats for all.

Frequently Asked Questions

What is MHADA?

MHADA stands for Maharashtra Housing and Area Development Authority a statutory body responsible for the development and maintenance of housing infrastructure in Maharashtra

What are cessed buildings?

Cessed buildings are structures that have been handed over to MHADA for redevelopment Many of these buildings are in a dilapidated state posing a risk to the lives of those who inhabit them

Why is the redevelopment of cessed buildings important?

The redevelopment of cessed buildings is crucial for the safety of residents and for the transformation of Mumbai's real estate industry It can help increase the availability of affordable housing and improve the quality of life for residents

How can technology contribute to the real estate industry?

Technology such as virtual reality 3D property tours smart home and building automation and blockchain technology can enhance the buying experience increase transparency and improve the quality of life for residents