South Mumbai Renewal
AATK Constructions Selected for 34-Acre Kamathipura Redevelopment in South Mumbai
After several years of delay, the long-awaited redevelopment of Kamathipura has taken a major step forward with MHADA appointing AATK Constructions as the developer for the 34-acre redevelopment project. The project has moved to the state government's high-power committee (HPC) for approval before it goes to the state cabinet for final clearance.
| Developer | AATK Constructions, a Pune-based real estate company with Atul Jaiprakash Goel, Tarush Atul Goel and Kritesh Atul Goel as partners |
|---|---|
| Location | Kamathipura, across lanes 1 to 15, spanning 34 acres |
| Existing Built Stock | Around 943 cessed buildings, many more than a century old |
| New Housing Units (Sale Component) | Approximately 4,500 new housing units |
| Resident Rehabilitation | Each eligible tenant receives a 2-BHK flat with minimum 500 sq ft carpet area; landlords receive similar units for every 50 sq m of land owned |
| Building Heights | Rehabilitation towers up to 57 storeys; sale buildings up to 78 storeys |
| Development Rights | Developer receives approximately 567,000 sq m of development rights; MHADA retains ~44,000 sq m |
| Status (as of September 2026) | HPC approval granted; cabinet sign-off pending. Not yet RERA-registered. |
| Model | Cluster redevelopment executed by MBRRB (Mumbai Building Repairs and Reconstruction Board), a wing of MHADA |
Project Overview
AATK Constructions has been appointed as the developer for the 34-acre Kamathipura redevelopment, to be executed through MHADA's Mumbai Building Repairs and Reconstruction Board (MBRRB). The plan covers approximately 34 acres and includes around 943 cessed buildings, many of which are more than a century old.
The plan seeks to replace hundreds of century-old, dilapidated structures with modern high-rise towers. As most plots are privately owned and landlords lack resources for independent redevelopment, the state government assigned the project to MHADA's repair and reconstruction wing.
Residential Entitlements
Each eligible tenant will receive a two-bedroom flat with a minimum 500 sq ft carpet area, while landlords will be allotted similar units for every 50 sq metres of land owned. For plots measuring between 51 to 100 sq metres, owners will receive two 500-square foot flats.
The locality currently houses 8,001 residents—6,625 residential tenants and 1,376 non-residential occupants—alongside about 800 landowners.
Built Environment & Planning
Rehabilitation towers for existing residents will rise up to 57 storeys, while the sale buildings will reach 78 storeys. The developer will receive development rights amounting to roughly 567,000 sq m, likely resulting in the construction of nearly 4,500 new housing units as part of the sale component.
The redevelopment blueprint, titled 'Kamathipura Cluster Redevelopment – Urban Village,' includes provisions for residential and commercial spaces, recreational areas, pedestrian-friendly planning and overall infrastructure improvement.
Locality Context
Kamathipura is known for its narrow lanes and aging tenements, with long-faced poor housing conditions and limited infrastructure. The locality is one of the most densely populated areas in Mumbai, with approximately 15,000 residents per square kilometer.
Kamathipura has potential as a business centre due to its unique location, with every major business market near it—Mumbai Central, Byculla, Nana Chowk and Chhatrapati Shivaji Maharaj Terminus.
Project Status & Timeline
MHADA declared AATK the successful bidder and forwarded the proposal to the HPC for consideration in late October 2025. The recommendation has been forwarded to the state government's high-power committee (HPC) for approval, and subsequently, the project will require final clearance from the state cabinet.
Approval from the HPC and the state cabinet is anticipated in the near future, following which actual development work can commence on the ground. As of September 2026, cabinet clearance has not yet been publicly confirmed. No RERA registration number has been filed.
Developer Profile
AATK Constructions is a Pune-based real estate company with Atul Jaiprakash Goel, Tarush Atul Goel and Kritesh Atul Goel as partners. This is the developer's first major project under the MHADA Construction & Development model.
The project operates under a structure in which MHADA retains land ownership and supervises execution, while AATK Constructions finances and executes the work. The developer monetizes only the free-sale housing component to recover its investment and profit.
Frequently asked questions
What is the current status of Kamathipura Redevelopment?
AATK Constructions has been formally selected, and the proposal is under review by the High-Power Committee. Cabinet approval is pending as of September 2026. No construction has commenced.
How much will a tenant receive in the new development?
Each eligible tenant will receive a two-bedroom flat with a minimum 500 sq ft carpet area, allocated without cost as rehabilitation units.
How much will a landlord receive based on plot size?
Landlords will be allotted units for every 50 square meter plot they own, with 500-square foot flats per unit. Larger plots receive proportionally more units.
How many new housing units will be created?
Approximately 4,500 new housing units will be constructed as part of the sale component. Additional units will be allocated for rehabilitation.
When is construction expected to start?
No start date has been announced. Construction work is expected to commence upon receiving cabinet clearance, which remains pending.
Is this project registered with RERA?
No. As of September 2026, the project remains in the approval stage and has not yet been registered with the Maharashtra RERA authority. RERA registration will occur only after cabinet clearance and formal agreement execution.