In a landmark decision aimed at rehabilitating displaced Sindhi refugee families, the Maharashtra Housing and Area Development Authority (MHADA) has appointed Keystone Realtors (Rustomjee Group) as the construction and development agency for the redevelopment of 25 buildings at Guru Teg Bahadur Nagar (GTB Nagar) in Sion Koliwada.

The Letter of Intent (LOI) was handed over to Keystone Realtors by MHADA Vice President and CEO, Sanjeev Jaiswal, IAS, during a ceremony held at MHADA Headquarters in Bandra (East). The event was attended by residents of the long-neglected colony, along with key officials including MLA Captain R. Tamil Selvan, MHADA Mumbai Board Chief Officer Milind Borikar, Keystone CMD Boman Irani, Deputy Chief Engineer Bhushan Desai, and other senior MHADA officials.

Built in 1958 for post-independence migrants, the 25 buildings at GTB Nagar housed around 1,200 families. Declared unsafe by the BMC in 2020 and subsequently demolished, the residents have since been left without permanent housing. In response to persistent appeals from tenant societies, the state government approved the redevelopment plan through MHADA, despite the land being privately owned.