In a historic move, the Maharashtra Housing and Area Development Authority (MHADA) is diversifying into various housing solutions, including rental housing, student accommodations, women's hostels, shared units, studio apartments, industrial housing, and old age homes. This shift is in line with NITI Aayog's ambitious plan to boost the Mumbai Metropolitan Region's (MMR) GDP to USD 300 billion by 2030. A recent workshop highlighted the roadmap for transforming MMR into a growth hub, with seven key pillars, including affordable housing and sustainable infrastructure. MHADA aims to deliver 30 lakh affordable units by 2030, primarily through slum rehabilitation and housing schemes.
For the first time in its 47-year history, the Maharashtra Housing and Area Development Authority (MHADA) is expanding its role into a variety of housing solutions, including rental housing, student accommodations, women's hostels, shared units, studio apartments, industrial housing, and old age homes. According to MHADA officials, this expansion is part of NITI Aayog's vision to increase the Gross Domestic Product (GDP) of the Mumbai Metropolitan Region (MMR) to USD 300 billion by 2030, up from USD 140 billion in 2023, with a target of USD 1.5 trillion by 2047.
A workshop held earlier this week laid out a comprehensive roadmap for transforming MMR into a major growth hub. A spokesperson from MHADA mentioned that the workshop aimed to engage various stakeholders, including private developers and construction professionals, to address challenges and collectively develop solutions.
Seven key pillars are set to drive this new initiative: affordable housing, global service hubs, tourism and recreation, transit-oriented development, inclusivity, sustainability, and advanced infrastructure. Sanjeev Jaiswal, Vice President and CEO of MHADA, highlighted these objectives. The transformation plan includes the delivery of 30 lakh affordable housing units by 2030, with 22 lakh units planned for slum rehabilitation and 8 lakh units to be constructed under affordable housing schemes led by MHADA and the City and Industrial Development Corporation (CIDCO).
Anil Wankhede, Deputy CEO of MHADA, stated that the focus would be on innovative housing models that cater to the diverse needs of the population. The planned housing categories are aligned with the growing urban demands of the MMR. He added that cluster redevelopment would play a key role in maximising land utilisation and creating integrated urban spaces.
The new housing initiatives will involve various models, including direct development by MHADA, Public-Private Partnerships, and private sector involvement. There are also considerations for MHADA constructing these new housing models and subsequently outsourcing their operation and maintenance to private agencies.
MHADA's move into diverse housing solutions marks a significant milestone in the authority's history, as it aligns with broader plans to transform the Mumbai Metropolitan Region into a dynamic economic hub. The focus on delivering 30 lakh affordable housing units by 2030, combined with innovative housing models and collaborations with private developers, will address a wide range of housing needs. The initiative also highlights the importance of sustainable and inclusive urban development, with the goal of improving infrastructure and ensuring better land utilisation. This strategy aims to provide more accessible and well-planned housing to meet the growing demands of the region.
Advertisement
Facebook
Whatsapp
