3,000 flats in Dadar and Lower Parel at Mhada prices soon
Mumbai’s space-starved island city will soon have more than 3,000 houses on the block in three high-rise buildings, at prices significantly lower than the market rates.
The houses will come up on prime real estate at Lower Parel and Dadar, where property prices go up to Rs30,000 a sqft. The construction is part of the state’s plan to redevelop the Bombay Development Directorate (BDD) chawls in these areas.
Work on two of these projects is expected to begin in January — with the State Expert Appraisal Committee recommending the projects at Naigaum, Dadar and NM Joshi Marg, Lower Parel for environment clearance. The State Environment Impact Assessment Authority will assess them for a final nod.