Mumbai's 68 crumbling LIC buildings face urgent redevelopment push

A meeting was recently held to address the urgent need for redeveloping 68 old and dilapidated LIC-owned buildings in Mumbai. These structures, spread across Fort, Girgaon, Matunga, and Dadar, currently house over 1,700 tenants—both residential and commercial. Officials have stressed that delays in redevelopment could put lives and property at risk. The discussion took place at MHADA Headquarters in Bandra (East), where LIC representatives and MHADA officials gathered. LIC confirmed its intention to redevelop the buildings, emphasising the need for modern, safe, and sustainable housing. The process will prioritise the welfare of the 1,764 residents, including 815 households and 949 businesses.

MHADA Vice President and CEO Sanjeev Jaiswal pledged full support to speed up the redevelopment. He assured cooperation to ensure the project moves forward without unnecessary delays. The buildings, classified as 'cessed' properties, have deteriorated over time, raising concerns about structural safety.

The redevelopment plan aims to replace ageing structures with safer, upgraded housing. With MHADA’s backing, LIC will now work on detailed proposals to address the needs of tenants. The project’s success will depend on timely execution and continued coordination between the two organisations.