Dharavi Redevelopment Master Plan: ₹3 Lakh Crore Investment and Tenement Survey Update
The Dharavi redevelopment master plan is set to be finalized within a month, with an estimated investment of ₹3 lakh crore. CEO SVR Srinivas provides updates on the project's progress and challenges.
DharaviRedevelopmentMumbaiUrban RejuvenationAdani GroupReal Estate MumbaiFeb 27, 2025
Speaking to reporters on February 27, Srinivas estimated the total investment for the redevelopment and rehabilitation project to be approximately ₹3 lakh crore.
Srinivas stated that the draft of the Dharavi redevelopment master plan is ready, and the final details are being worked out for submission.
He added that the master plan is expected to be finalized within the next month and, once approved, will be made available in the public domain.
The survey of over 50,000 tenements has been completed, and over 80,000 tenements have been numbered.
“We had a target to complete the survey by March, but now that looks difficult, but at least the numbering will be completed, and the survey will also be completed in the coming months,” he said.
The Dharavi Redevelopment Project, one of the largest urban rejuvenation projects in the world, is a joint venture between the Government of Maharashtra and the Adani Group.
It aims to make Mumbai slum-free by redeveloping one of the world's largest slum clusters.
The project has faced several challenges over the years, with the Maharashtra government making nearly half a dozen unsuccessful attempts to redevelop Dharavi.
In November 2022, the Adani Group was declared the project winner, promising an initial investment of ₹5,069 crore.
The project is spread across 600 acres, with 296 acres slated for redevelopment.
The total investment is expected to be close to ₹3 lakh crore, with around 250 to 300 acres of land already approved for the rehabilitation of Dharavi residents.
“We have got land in Kurla, and more land will also be available in the coming months,” Srinivas said.
He added that both eligible and ineligible tenements will be given a house, and for housing the ineligible tenements, they need around 550 acres of land, for which they have applied.
Dharavi has gained international attention as one of the locations featured in the Oscar-winning film 'Slumdog Millionaire.' The area is known for its vibrant community and small-scale industries, which contribute significantly to Mumbai's economy.
The redevelopment project is not only about providing better housing but also about integrating Dharavi into the broader urban fabric of Mumbai, ensuring that its economic and social contributions are preserved and enhanced.
The completion timeline for the project is 17 years, with the rehabilitation portion of Dharavi’s redevelopment expected to be completed within seven years after the project approvals are in place.
The Dharavi Redevelopment Project Pvt Ltd (DRPPL), now known as Navbharat Mega Developers Private Limited (NMDPL), is committed to transforming Dharavi into a modern, sustainable, and inclusive community.
The project's success will set a benchmark for urban redevelopment initiatives globally.
Frequently Asked Questions
What is the total investment for the Dharavi redevelopment project?
The total investment for the Dharavi redevelopment project is estimated to be approximately ₹3 lakh crore.
When is the master plan for the Dharavi redevelopment project expected to be ready?
The master plan for the Dharavi redevelopment project is expected to be finalized within a month and will be made available in the public domain post-approval.
How many tenements have been surveyed in Dharavi?
Over 50,000 tenements have been surveyed, and over 80,000 tenements have been numbered.
What is the area of Dharavi that will be redeveloped?
The project is spread across 600 acres, with 296 acres slated for redevelopment.
Who is the current CEO of the Dharavi Redevelopment Project?
The current CEO of the Dharavi Redevelopment Project is SVR Srinivas.
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