Delayed For Years, MIG Redevelopment Colony To Be Back On Track Soon

Delayed For Years, MIG Redevelopment Colony To Be Back On Track Soon

Delayed For Years, MIG Redevelopment Colony To Be Back On Track Soon

In a country where road projects are delayed for decades and housing projects for years, Mumbai’s MIG Colony redevelopment plan timeline comes as a no-shocker. Started in 2006, the redevelopment work is far from completion but might get on track as the Bombay High Court has cleared the decks for the construction work to start. The project was in litigation due to a rule imposed by the Brihanmumbai Municipal Corporation (BMC) that the developer must execute a permanent agreement with the old homeowners to get the construction commencement certificate. As the Bombay HC has set aside this condition, the work might begin soon.

The timeline 

With a promise to transform the middle-class housing societies of Bandra East into ‘Cuffe Parade’ and all approvals in place, the redevelopment of the MIG Colony-I was proposed in 2006. While the letters of intent were sent in the same year, the construction work could not start as the Bombay High Court stayed the redevelopment on account of developers crying foul. It was in 2010 when the developers were signed again but no sign of construction to be seen as the builders run out dry due to the market slowdown. During this time, the Maharashtra Housing and Area Development Authority (MHADA) further delayed the project by not releasing the recreational area to the society. By 2013, BMC comes into the picture and sanctions the basic construction plan but asks the builder to execute permanent agreements with the buyers. Fast forward to 2015, the demolition work started in October but the BMC remained adamant insisting on agreements despite proving that this is not the landlord-tenant type redevelopment project and the society members were owners of their houses; and that there was 100 percent consent in favour of the developer from the society members, the BMC disregarded the developer’s request, forcing them to approach the HC, which ruled in its favour.

The plan

The residents of MIG Colony-1 have hired DB Realty to redevelop the largest chunk of government colony along with Kalpataru and Rustomjee. These three developers will have to construct an estimated developable space of 2 crore sq ft across 120 acres. The MIG colony has been divided into seven clusters with MIG 1 to be the largest. Each of these clusters has invited separate bids from the developers with a collective investment of Rs 3,000 crore, as estimated in 2010.

Last Updated: Wed Jun 13 2018

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@@Wed May 13 2020 19:59:51