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
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
What is MHADA's vision for the state's housing landscape?
MHADA's vision is to transform the state's housing landscape by creating sustainable and eco-friendly habitats for all
Related News Articles
MahaRERA’s Conciliation Forums Handle 1,749 Homebuyer Complaints Since 2018
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has been proactive in addressing homebuyers' grievances through its Conciliation Forums, which have successfully resolved 1,749 complaints since their inception in 2018.
Tata Realty Secures Rs 825 Crore Loan from IFC for Sustainable IT Park in Chennai
Tata Realty has raised Rs 825 crore from the International Finance Corporation (IFC) to refinance its green commercial project in Chennai, Ramanujan Intellion Park, a landmark development in sustainable real estate.
Charles Kushner: Trump's Controversial Choice for French Ambassador
President-elect Donald Trump has nominated Charles Kushner, a prominent real estate mogul and father-in-law of his son-in-law Jared Kushner, to serve as the next U.S. Ambassador to France.
CIDCO Revokes Allotment of 16 Navi Mumbai Plots Worth ₹2000 Crore: 5 Key Reasons
Mumbai Real Estate Update: The CIDCO, the special planning authority for Navi Mumbai, has cancelled the allotment of 16 plots due to several critical issues, impacting the real estate market significantly.
Mohali: Homeland Group Launches 5 Million Sq. Ft. Global Park with Bhumi Pujan
Homeland Group, a leading real estate developer, has conducted the Bhumi Pujan for its ambitious 5 million square foot Global Park project in Mohali. This state-of-the-art commercial and retail space aims to set a new benchmark in the real estate sector.
IHCL Launches New Ginger Hotel in Bhiwandi, Maharashtra
IHCL, the Indian Hotels Company Ltd, is expanding its footprint in emerging markets with a new 151-room Ginger hotel in Bhiwandi, Maharashtra. This strategic move aligns with the growing importance of Bhiwandi in the warehousing and logistics sector. The