Dharavi's $3 Billion Makeover Gets a Major Boost as Resident Body Backs Government Survey
The Dharavi redevelopment project, led by the Adani group, has received a significant boost after a newly formed residents' association lent its support to the ongoing state government-led survey of informal tenements.
Dharavi RedevelopmentAdani GroupMumbai SlumReal EstateInfrastructureReal Estate MumbaiAug 04, 2024
The survey, which began on March 18, 2024, aims to map the roughly 600 acres of densely populated Dharavi, a task that is expected to take seven years to complete. Eligible residents will be offered a 350 square foot flat in the area once the project is completed, while ineligible residents will be rehoused elsewhere in Mumbai.
The residents' association, which has given the slogan of Dharavi Banao Andolan, met with S V R Srinivas, CEO of the Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA), and submitted a memorandum seeking expedition of the survey. The association has also asked Srinivas to take legal action against those opposing the survey process.
\
Frequently Asked Questions
What is the Dharavi redevelopment project?
The Dharavi redevelopment project is a $3 billion initiative led by the Adani group to transform Asia's largest slum into modern apartments, offices, and malls.
What is the current status of the survey?
The survey has completed 10,000 tenements via door-to-door visits, while counting has been done on more than 21,000 tenements.
What is the expected timeline for the project?
The redevelopment project is expected to take seven years to complete.
What are the benefits of the project for the residents?
Eligible residents will be offered a 350 square foot flat in the area once the project is completed, while ineligible residents will be rehoused elsewhere in Mumbai.
What is the role of the residents' association in the project?
The residents' association, Citizen and Society Development Welfare, has lent its support to the ongoing state government-led survey of informal tenements and has asked for the master plan for the development to be disclosed first.
Related News Articles
Maharashtra's Development Projects Get a Boost: DCM Ajit Pawar Stresses on Speedy Completion
Deputy Chief Minister Ajit Pawar emphasizes the need for swift completion of development projects across Maharashtra, including Pune Metro 3 and Pune Ring Road.
Luxury Unleashed: Anant Ambani and Radhika Merchant's Dream Dubai Villa
The Ambani family's lavish gift to the young couple is a stunning beachfront villa on Dubai's Palm Jumeirah, estimated to cost around Rs 640 crores.
MahaRERA: The Importance of Due Diligence in Real Estate Projects
Maharashtra Real Estate Regulatory Authority (MahaRERA) emphasizes the need for builders to conduct thorough due diligence before declaring possession dates, taking into account market conditions.
Top Real Estate Developers in India: Sales Surge and Debt Reduction Drive Growth
The Indian real estate market has seen a significant surge in sales and a reduction in debt for leading developers. This growth has been driven by increased buyer confidence and strategic financial management.
Maharashtra Assembly Elections 2024: North Nagpur Senior Citizens Endorse Khobragade
Retired officials from North Nagpur have come forward to endorse Vijay Khobragade, lauding his sincerity, loyalty to Dr. Babasaheb Ambedkar's principles, and his ability to get work done efficiently.
DLF to offload Kolkata Tech Park 1 for Rs 637 crore to RDB Primarc
DLF, the country's leading real estate developer, is set to sell its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP for Rs 637 crore. This strategic move is expected to bolster DLF's financial position and allow the company to foc