India, July 1 -- The Maharashtra Housing and Area Development Authority (MHADA) has appointed the Rustomjee Group to redevelop 25 buildings in Mumbai's Guru Teg Bahadur Nagar (GTB Nagar), Sion Koliwada. The project aims to rehabilitate 1,200 Sindhi families who migrated to India from Pakistan after Independence.

MHADA vice president and CEO Sanjeev Jaiswal handed over the Letter of Intent (LOI) to the developer.

Spread across 11.20 acres, the redevelopment will generate 25,700 sq. m. of built-up space for MHADA as housing stock, with a permissible Floor Space Index (FSI) of 4.5, including the fungible area.

Under the project, 1,200 families will receive 635 sq. ft. apartments in exchange for their current homes in dilapidated buildings...