India, June 3 -- The Maharashtra Housing and Area Development Authority (MHADA) has finalised the builders who will redevelop three prime areas of Mumbai-Adarsh Nagar in Worli, Bandra Reclamation and Sardar Vallabhbhai Patel (SVP) Nagar in Andheri. Adani Properties and a consortium led by JSW Steel have emerged as winners.

On April 8, MHADA floated cluster redevelopment bids for these three prime areas cumulatively measuring 206.49 acres, and opened the technical submissions on May 20. MHADA announced the winners' names on Tuesday even as resident groups and housing societies from all the three areas await June 9, the next hearing on their petition before the Bombay high court challenging MHADA's cluster redevelopment tender.

On May 19,...