Dharavi, Asia’s largest slum, stands at a crossroads as ambitious redevelopment plans spark significant concerns among residents and stakeholders. The project aims to upgrade living conditions and infrastructure while preserving the community’s economic and social fabric.
DharaviRedevelopmentMumbaiUrban PlanningSustainabilityReal Estate MumbaiMay 27, 2025
Dharavi's industries, which include pottery, leatherwork, recycling, and garment manufacturing, contribute an estimated annual turnover of ₹10,000 crore.
Dharavi is a coveted real estate hub due to its connectivity to Mumbai’s transport infrastructure, including suburban railways, metro lines, and the coastal road. Projected land values near Dharavi could soar above ₹50,000 per sq. ft.
The main challenges in Dharavi's redevelopment include preserving the unique social and economic character of the area, ensuring environmental sustainability, and providing inclusive housing for all residents, including those who are ineligible.
Transferable development rights (TDR) are used to enable redevelopment by allowing developers to acquire a significant portion of their TDR from the Dharavi project’s special purpose vehicle.
The estimated timeline for the Dharavi redevelopment project is a decade, during which the relocation of residents and businesses will be a significant challenge.
The Indian real estate sector is eagerly waiting for the Modi government's response to its needs. Will the government grant industry status to the entire housing sector and take effective steps to rejuvenate the affordable housing segment?
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