Dharavi Reimagined: A Rs 957.9 Billion Transformation

Explore the ambitious Rs 957.9 billion plan to transform Dharavi, Mumbai’s largest slum, into a modern, sustainable neighborhood. Construction World takes an in-depth look at the approved redevelopment project.

Dharavi RedevelopmentUrban TransformationSustainable DevelopmentAffordable HousingMultimodal Transit HubReal Estate MaharashtraMay 30, 2025

Dharavi Reimagined: A Rs 957.9 Billion Transformation
Real Estate Maharashtra:Dharavi, often referred to as Asia's largest slum, is set to undergo a monumental transformation with a Rs 957.9 billion redevelopment project. This ambitious plan aims to modernize and revitalize the area, turning it into a sustainable and livable neighborhood. Construction World got an exclusive look at the approved plan, which promises to reshape the heart of Mumbai.

The Dharavi Redevelopment Project (DRP) has been in the works for years, but the recent approval marks a significant milestone. The project, spearheaded by the Maharashtra Government, aims to improve the quality of life for Dharavi’s residents while preserving the area’s unique cultural heritage. SVR Srinivas, a key figure in the project, emphasized the importance of a balanced approach that combines modern infrastructure with community needs.

The plan includes the construction of new residential units, commercial spaces, and public amenities. Advanced digital door-to-door surveys have been conducted to ensure that the needs of the local community are accurately captured. These surveys have provided valuable insights into the current living conditions and the aspirations of Dharavi’s residents.

One of the key components of the project is the development of affordable rental housing. This initiative aims to provide safe and affordable living options for low-income families, ensuring that the transformation benefits all residents. The project also includes the construction of a multi-modal transit hub, which will improve connectivity and reduce travel times for Dharavi’s residents. Metro Line 11, a crucial part of the transit hub, will play a significant role in this aspect.

The redevelopment plan also focuses on environmental sustainability. Green spaces, parks, and community gardens will be integrated into the design, enhancing the overall quality of life. The project aims to create a model of urban sustainability that can be replicated in other cities.

In addition to the physical infrastructure, the plan includes provisions for social and economic development. Training programs and job opportunities will be created to empower the local community and foster economic growth. The goal is to create a vibrant, inclusive, and economically viable neighborhood.

The Dharavi Redevelopment Project is a testament to the government's commitment to urban renewal and the well-being of its citizens. With a budget of Rs 957.9 billion, the project is one of the most significant urban redevelopment initiatives in recent years. The successful implementation of this plan could set a new standard for urban development in India and beyond.

Construction World will continue to follow the progress of the Dharavi Redevelopment Project, providing updates and insights into this transformative endeavor. Stay tuned for more developments in this exciting journey of Dharavi’s transformation.

For more information on the Dharavi Redevelopment Project, you can visit the official website of the Maharashtra Government or follow Construction World for the latest news and updates.

Frequently Asked Questions

What is the total budget for the Dharavi Redevelopment Project?

The total budget for the Dharavi Redevelopment Project is Rs 957.9 billion.

What are the key components of the Dharavi Redevelopment Project?

The key components include new residential units, commercial spaces, public amenities, affordable rental housing, a multi-modal transit hub, and environmental sustainability initiatives.

How will the project benefit the residents of Dharavi?

The project will improve living conditions, provide affordable housing, enhance connectivity, create green spaces, and offer training and job opportunities to empower the local community.

What role does Metro Line 11 play in the Dharavi Redevelopment Project?

Metro Line 11 is a crucial part of the multi-modal transit hub, which will improve connectivity and reduce travel times for Dharavi’s residents.

What is the timeline for the Dharavi Redevelopment Project?

The timeline for the Dharavi Redevelopment Project is not explicitly stated, but the project is expected to be implemented in phases over several years, with ongoing updates provided by the Maharashtra Government and Construction World.

Related News Articles

India Poised to Overtake China as Asia's Real Estate Capital
Real Estate

India Poised to Overtake China as Asia's Real Estate Capital

India's real estate sector is booming, with companies worth $36 billion in 2024, making it the fastest-growing market in Asia, surpassing China.

July 11, 2024
Read Article
Altem Capital Launches Ambitious INR 250 Crore Real Estate Fund in India
Real Estate

Altem Capital Launches Ambitious INR 250 Crore Real Estate Fund in India

Altem Capital's JIRAAF AU INDIA REAL ESTATE FUND - I targets INR 250 crore, focusing on plotted developments and last-mile funding to boost India's real estate sector.

July 31, 2024
Read Article
Repo Rate Stability to Boost Real Estate Sector: What it Means for Homebuyers and Developers
Real Estate

Repo Rate Stability to Boost Real Estate Sector: What it Means for Homebuyers and Developers

The Indian real estate industry and the economy would have greatly benefitted from a rate cut, given that current macroeconomic parameters are favourable.

August 9, 2024
Read Article
Kanakia Spaces to Revamp 2 Borivali Societies: A Boost to Mumbai's Real Estate Sector
Real Estate Mumbai

Kanakia Spaces to Revamp 2 Borivali Societies: A Boost to Mumbai's Real Estate Sector

Maharashtra Housing Minister Atul Save's call to real estate developers to join the slum redevelopment process has seen a positive response from Kanakia Spaces, which has announced plans to redevelop two societies in Borivali.

September 30, 2024
Read Article
Akshay Kumar Sells Luxurious Mumbai Flat in Oberoi Sky for Rs 4.35 Crore
Real Estate Mumbai

Akshay Kumar Sells Luxurious Mumbai Flat in Oberoi Sky for Rs 4.35 Crore

The renowned Bollywood actor, Akshay Kumar, has recently sold his luxurious 1073 Sqft flat in the prime location of Borivali, Mumbai, for Rs 4.35 crore. According to property registration documents reviewed by Square Yards, the sale was officially recorde

March 10, 2025
Read Article
Kolte-Patil Developers Reports Q4 FY25 Sales of ₹631 Crore, Down 15% Amid Market Challenges
Real Estate Mumbai

Kolte-Patil Developers Reports Q4 FY25 Sales of ₹631 Crore, Down 15% Amid Market Challenges

Kolte-Patil Developers, a leading real estate company in India, has reported sales of ₹631 crore in the fourth quarter of FY25, a decline of 15% compared to the same period last year. Despite market challenges, the company remains committed to its growth strategy and continues to invest in key markets.

April 17, 2025
Read Article