India, July 1 -- After more than a decade of uncertainty, legal disputes, and crumbling promises, a new chapter is finally set to begin for the residents of Guru Tegh Bahadur (GTB) Nagar in Sion. Once a settlement built for Partition refugees, the neighbourhood will now undergo a long-awaited transformation, with the Rustomjee Group's Keystone Realtors bagging the rights to redevelop the 11.20-acre site.

The Maharashtra Housing and Area Development Authority (Mhada), which floated the tender under its cluster redevelopment policy, issued a Letter of Acceptance to Keystone Realtors this week. The project involves the redevelopment of 25 buildings and over 1,200 tenements-most of them originally built between 1954 and 1987 to house displac...