MUMBAI, Oct. 30 -- Kamathipura's redevelopment is inching closer to reality with the Maharashtra Housing & Area Development Authority (MHADA) receiving interest from two companies to undertake the massive project, which promises to alter the skyline of the Mumbai Central area. Earlier this year, MHADA floated tenders for the revamping of two large areas of south Mumbai, Abhyudaya Nagar and Kamathipura, through the Construction and Development Agency model. Under this, a company would be appointed to undertake the entire process - from redeveloping the existing structures, rehabilitating residents and commercial stakeholders, to building new housing stock. The appointed company has the mandate for Initial planning, construction and sales. "We received bids from two companies," said a housing official in the know of the project. "These are J Kumar Infraprojects and Bhagirath Group." The revamp of Kamathipura has been on the cards for nearly half a decade now. However, the Maharashtra government gave its nod under the cluster redevelopment scheme through a government resolution only on January 12, 2023. Thereafter, it was pushed to the back burner only to be revived earlier this year. "The total net plot area of this region is approximately 73,144.84 square meters," according to a MHADA official. Presently, the officials have opened technical bids, which are under scrutiny. Financial submissions will later be made open only to the company that will be awarded the contract....