The civic body has planned to redevelop 11 buildings and six small housing schemes in the area. “The issue had been pending for long. The availability of funds can help speed up the project,” said Hemant Rasane, chairman of the standing committee.
Corporator Dheeraj Ghate said it was the need of the hour to redevelop the properties as they are proving to be life threatening.
“Some of these properties are more than 50 years old. They are in danger of crumbling. The situation worsens during the monsoon and any untoward incident could cause serious damage,” he said.
“Either the present buildings will be redeveloped or the space will be used to construct a separate building. At least 100 houses will be built. The shifting will be done on need basis. Residents from the most dilapidated properties will be shifted on priority,” said a civic official.