Mumbai: The biggest rebuilding project in the city, Motilal Nagar in Goregaon (West), was mired in controversy in the midst of the allegations that the State Housing Authority (MHADA) had made a tender document to keep most of the builders.
Mhada has included a calause stating that only developers with net worth no less than Rs 9,000 Crore on March 31, 2021, can qualify.
Toi has known that two top developers, Godrej Properties, and Prestige Group, have shot protests to Mhada.
Monday was the last day to bid up for the RS 28,000 Crore project spread across 143 hectares, consisting of Motilal Nagar I, II and III.
There was already a flutter in the Mumbai construction industry when several leading developers of the city told toi they would not be able to participate because of this clause.
State Housing Minister Jitendra Awhad said he did not know about it.
‘The Motilal Nagar Tender will open the way for a monopolistic plan’ Development Project Return Nagar in Goregaon mired in controversy in the midst of guess that MHADA has made a tender document to make the most of the builder.
The leading Mumbai developer, who does not want to be identified, said, “Tender conditions are designed to exclude all Mumbai developers and seem to support companies that have no experience in rebuilding.
This is just the best cronyism.” When asked about controversial clauses, the Minister of State Housing Jitendra Awhad , which has announced the development project recently, sends a message, “I don’t know about it.
Check on Monday.” Vice President Mhada Anil Diggikar did not respond to the call and message from TOI.
Pirojsha Godrej, chairman of the executive Godrej Properties, said he did not want to comment.
However, TOI has a copy of the Godrej complaint sent to Mhada last week.
“Tender financial capabilities, where the qualification parameters for the Construction and Development Agency are to have a net value of the RS.
9000 crore, not only discriminatory but will eliminate various bidders who intend, including us, from participating in the offer.
It will also act as a profit that is not It should be for a handful of entities that might not even have an on-ground experience needed to provide housing, accommodation or rehabilitation, “said the Godrej property letter.
Furthermore said, “The tender in its current form will open the way for monopolistic efforts, which also opposes Indian public policy.
This is a legitimate hope of the government to provide a level of play during the tender process, which ensures healthy competition among the bidders for Produce producing general public interests.
And in instant cases to ensure housing for slum residents / tenants for whom it is a survival problem Good for occupants and existing ones “.
The prestige group based in Bangalore is too complaining to housing authorities.
The letter was signed by the Prestige Estates Projects CEO, Venkat Narayana, said, “…
The criteria for financial capabilities as contained in the tender requires one entity to have net worth no less than Rs 9,000 Crore on March 31, 2021.
We submit that this criteria not Only heavy but also not worth the size of the project.
Even though it becomes one of the largest real estate developers in this country, we cannot meet the criteria of clean wealth, which far exceeds what is needed to do this size.
We ask you to reconsider the criteria Net wealth is in line with the size of the project and who will ensure effective competition.
” The tender Mhada has floated under the public-private partnership model to rehabilitate around 3,717 slum houses and 1,600 slums.
Motilal Nagar was built in the 1960s as a colony of rehabilitation and settlement back the residents were moved from I different locations in the city and suburbs.
Prime Minister Jawaharlal Nehru has placed the foundation stone from this resettlement colony.
Builders protest the tender for rebuilding ‘cheating’ mhada
