Redeveloping a colony comprising nearly 3,000 tenants is no mean task. But if you have the means — essentially money — things start falling into place.

Maharashtra Housing and Area Development Authority (MHADA) that plans to revamp Vikhroli’s Tagore Nagar — the city’s biggest colony — will give a corpus fund of Rs 5 lakh to each tenant. That amounts to Rs 150 crore in total.