Initial launches to focus on affordable-to-mid segment housing; premium offerings likely in later phases near BKC.
The 255.9 acres of salt pan land to be acquired include 120.5 acres in mauje Kanjur, 76.9 acres in Kanjur and Bhandup and 58.5 acres in mauje Mulund
"We request the survey be conducted at the earliest possible time to ensure that the redevelopment can move forward without further delays," Citizen and Society Development Welfare body of Dharavi residents wrote to SVR Srinivas, CEO Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA), of government of Maharashtra, on July 30.
The government has reportedly begun acquiring 20 plots in Mumbai intended for infrastructure and development projects to rehabilitate Dharavi residents. Thackeray warned that this would stress existing infrastructure in these areas.
It is anticipated that nearly one million citizens reside in Dharavi-Asia's one of the largest slum cluster
As per the tender conditions of Dharavi redevelopment, SGST, the state component of GST for industrial and commercial units, will be reimbursed by the state government’s Finance Department for five years
Mumbai real estate: According to the authorities, a survey to determine the number of slumdwellers covered by the Dharavi redevelopment is expected to start in February, and be completed by December.
The Dharavi project is a chance to break the widespread pattern of slum dwellers selling/renting their free apartments and thereafter creating a whole new slum.
Ever since the giant conglomerate won the bid for the redevelopment of India’s largest slum Dharavi – it had become clear that the company would soon become a key player in the Mumbai real estate market
The approval comes in the backdrop of a changing political landscape. Dharavi’s residents and industries will be keen to know what the future holds for them
Dharavi’s revitalization requires pulling off three things virtually at once: acquiring large tracts of land, attracting investors to places without stable utilities and resettling massive communities.
Dharavi, located in the central part of the country's financial capital and among the biggest slum clusters in the world, is a hub for several small-scale, unorganised industries that manufacture medicines, leather, footwear, clothes etc.
In the next 17 years over 10 million sq ft is slated to be constructed at a cost of over Rs 20,000 crore. Of this, 2-3 million sq ft is meant for sale while the rest is for rehabilitation of the slum dwellers.
Amid this Dharavi Redevelopment Project remained a major focus. The Gautam Adani-led Adani Group has acquired the rights to redevelop Asia's largest slum, Dharavi, on 600 acres of prime real estate in the heart of Mumbai, the country's commercial capital.
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The Maharashtra government aims to finish the project in the next 17 years and complete rehabilitation in the next seven years.
Yet another attempt at redevelopment has been launched. What will it take to make it work?
Located in Central Mumbai, the sprawling slum is home to 1 million people and a hub for several small-scale, unorganised industries that manufacture medicines, leather, footwear and clothes. After several abortive attempts in the past, Dharavi, spread over 300 acres, is now set for redevelopment.
The Maharashtra government aims to complete the bidding process by 2022-end, and the winner will have seven years to execute the project.