Overview

• State leaders are scheduled to preside over Tuesday’s foundation ceremony as the MMRDA–SRA joint project moves into on-site work.
• BG Shirke holds the phase-one work order valued at about ₹1,299 crore, with initial funding reported via a ₹1,500 crore Bank of Maharashtra loan.
• Phase one targets 4,345 rehabilitation homes of roughly 300 sq ft across multiple towers, with an incremental clear‑build‑handover approach and a three‑year completion goal.
• Around 4,500 families will be temporarily relocated for the first phase, part of a 31.82‑hectare redevelopment intended to house roughly 17,000 eligible residents.
• Some residents and activists have questioned construction quality based on the contractor’s past MHADA and CIDCO buildings, prompting assurances of stronger standards from officials.