India, June 8 -- Even as preparations are underway for kickstarting the cluster redevelopment project at Kamathipura, the Maharashtra Housing and Area Development Authority (Mhada) has set its sight on redeveloping another expansive locality in south Mumbai - Umerkhadi, also known as Dongri.

According to the redevelopment proposal, which is still at a preliminary stage and which HT has seen, the project will be spread over 6.23 acres, and all 81 buildings on site will be pulled down to make way for seven towers with 40-81 floors. The project will be executed on a construction and development agency model via tendering, and Mhada will make a profit of Rs.1,041.74 crore after rehabilitating more than 2,000 residential and commercial occupa...