HomeNewsBusinessReal EstateMumbai's Bhendi Bazaar set to get freedom from poor infrastructure

Mumbai's Bhendi Bazaar set to get freedom from poor infrastructure

This will be made possible by the Saifee Burhani Upliftment Trust (SBUT) which has taken up the arduous task of redeveloping this 16.5 acres 125-year-old Bhendi Bazaar

August 23, 2017 / 12:00 IST
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Ashwini Priolker Moneycontrol News

It’s a busy work day for Fakhruddin Dhorajiwala at his 80-year-old stationary shop. School children, as well as adults, swarm to his shop to meet their stationary needs.  His shop is in the crowded lane of Bhendi Bazaar. This seemingly small looking shop houses almost everything that one can think of finding in a posh stationery shop in a mall. Soon Fakhruddhin too is hoping to have one posh shop. But his shop won’t be in a mall but in Bhendi Bazaar itself.

This will be made possible by the Saifee Burhani Upliftment Trust (SBUT) which has taken up the arduous task of redeveloping this 16.5 acres 125-year-old Bhendi Bazaar. Bhendi Bazaar is strategically located in the prime area of South-Central Mumbai. Today the area houses 1,250 shops and 3,200 families.

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“The vision of late syedna was basically to uplift the entire area of Bhendi Bazaar. He had seen the conditions of people living there. Most of the people were living in very dilapidated buildings and their condition was very unhygienic. He wanted to uplift the lives of the people. Therefore as soon as in 2009, when the government of Maharashtra came out with the cluster redevelopment policy, we were one of the first ones to jump in it and we have come a long way since then. We have moved almost 18,00 families and 500 commercial tenants. We have already started construction in two of the large clusters, says Abbas Master CEO, SBUT.

Bhendi Bazaar is known for its vibrant culture. It is a home to more than 250 residential buildings. More than 80% of these buildings have been declared unfit by the Maharashtra Housing and Area Development Authority or MHADA. The Bhendi Bazaar redevelopment project involves replacing these 250 dilapidated old buildings with 17 new towers. For the purpose of redevelopment Bhendi Bazaar is divided into 9 sub- clusters. The total project cost is approximately Rs. 4,000 crores.