Mhada plans to build 60-storey towers in South Mumbai

Maharashtra state housing authority Mhada will build skyscrapers 60-storeys and taller for middle and high income groups (MIG and LIG) in the heart of the island city. These towers will come up in the next decade as part of the housing board’s ongoing BDD chawls redevelopment in central Mumbai. In all, 8,210 apartments built by Mhada will hit the market over the next eight to 10 years in a belt currently cluttered with high-rise ultra-luxury housing. These new flats will disrupt the real estate market as these homes will be sold at a much lower price than what private developers charge in their high-end projects. These skyscrapers will come up at three locations—NM Joshi Marg at Lower Parel, Naigaum-Dadar and Worli—where the three BDD enclaves are situated.