Overview
- Chief Minister Devendra Fadnavis led the October 14 groundbreaking at Ramabai Ambedkar Nagar and Kamaraj Nagar, with construction commencing after the ceremony.
- Phase 1 will build 4,345 rehabilitation homes of 300 sq ft each at an estimated ₹1,299 crore, with officials targeting 36 months as the chief minister voiced a two‑year handover goal.
- Financing for the first phase includes a ₹1,500 crore Bank of Maharashtra loan, with ₹137.5 crore already disbursed as two years’ advance rent to eligible families.
- MMRDA is executing the 31.82‑hectare scheme as developer with SRA as planning authority to rehouse about 16,500–17,000 residents and enable the Eastern Freeway extension.
- BG Shirke has the work order for Phase 1 as authorities promise amenities and 10‑year maintenance, while some residents and activists question construction quality based on past projects.