India, May 20 -- After nearly 15 years and two failed developer attempts, the Maharashtra Housing and Area Development Authority (MHADA) has decided to take over a stalled redevelopment project in South Mumbai. MHADA informed the Supreme Court that despite granting approval in 2013, the project remains incomplete, prompting the agency to intervene.

The redevelopment of the Parvati Building, which began in 2013, has faced prolonged delays. The appointed developer, tasked with providing temporary accommodation rent to tenants, allegedly defaulted on payments, leaving many residents financially strained. In April, the Supreme Court directed MHADA to resolve these issues and expedite the project.

"In the affidavit, it is stated that the MHA...