MHADA Plans to develop Luxury Housing Units at Bandra-Kurla Complex

Mumbai News

One of the most prominent commercial hubs of Mumbai, Bandra-Kurla Complex, which is also host to leading global MNCs and Banks, is all set to get premium housing units, as planned by Maharashtra Housing and Area Development Authority (MHADA). These residential units will be developed by renowned city developers and realtors with a carpet area of approximately 1300 sq.ft.

Elaborating more details about the units, Bhushan Desai, Executive Engineer Residential, Mumbai Board, said, “Firstly, it is important to know that these units will not be ultra-modern homes, they will be luxury premium units with all the modern amenities and conveniences, which are looked by High-income group homebuyers.”

These residential units will be equipped with all the premium facilities like swimming pool, clubhouse, and gymnasium, etc. However, the price range is still not disclosed by the Authority, but it is assumed that the approximate values of these flats will be not less than Rs 4 crores.

According to the senior official of MHADA, the authority was planning to construct these homes from past many years, but the plan got feather in last 15 days only.

Chairman of Mumbai Housing Board, Madhu Chavan, said, “We have decided to develop this project as a revenue-making project where the extra-earned money will be used to subsidize other important projects especially designated for the Economically Weaker Section (EWS) and other income groups. Apart from this, the authority is also planning to construct transit camps with low rentals.”

Developed in 1977, BKC is spread across 370 hectares of land which includes private and government offices (both state and central), national and international banks, wholesale institutions, etc.