Maharashtra Approves 1.33 FSI for Dharavi Redevelopment Project
The Maharashtra government has issued a government resolution allowing the Dharavi Redevelopment Project Private Ltd (DRPPL) to purchase land outside the Dharavi Notified Area for rental housing, providing an incentive FSI of 1.33.
Dharavi RedevelopmentMaharashtra GovernmentFsiRental HousingReal EstateReal Estate MumbaiOct 06, 2024
Frequently Asked Questions
What is the Dharavi Redevelopment Project (DRP)?
The Dharavi Redevelopment Project (DRP) is a large-scale urban renewal initiative aimed at improving the living conditions in Dharavi, one of the largest slums in Asia. The project involves the construction of new housing, infrastructure, and amenities for the residents.
What is the FSI incentive provided by the Maharashtra government for the DRP?
The Maharashtra government has provided an incentive Floor Space Index (FSI) of 1.33 for the saleable component in exchange for constructing rental housing units for ineligible Dharavi residents.
Who owns the Dharavi Redevelopment Project Pvt Ltd (DRPPL)?
The Dharavi Redevelopment Project Pvt Ltd (DRPPL) is a Special Purpose Vehicle (SPV) formed by the Maharashtra government. Adani Realty, the lead developer, owns 80% of the equity, while the state government holds 20%.
What is the estimated number of ineligible Dharavi residents who will benefit from rental housing?
The government estimates that around 3-4 lakh households of ineligible Dharavi residents will benefit from the rental housing provided under the Dharavi Redevelopment Project.
What are the salt pans that are part of the Dharavi Redevelopment Project?
The salt pans included in the Dharavi Redevelopment Project are the Arthur Salt Works land (120.5 acres) at Kanjurmarg, Jenkins Salt Works land (77 acres) at Bhandup, and Jamasp Salt Works land (58.5 acres) at Mulund.
Related News Articles
Boosting India's Housing Market: Budget 2024 Expectations from Real Estate Sector
The real estate sector is anticipating measures to revitalize the affordable housing segment, with expectations of incentives and support measures in Budget 2024.
Property Box Transforms the Real Estate Landscape with Suma Kanakala as Brand Ambassador
The Property Box Podcast, hosted by Suma Kanakala, is set to provide valuable insights into the real estate market in Telugu, making it easier for listeners to understand and navigate the industry.
Bracing for the Economic Storm: Kiyosaki’s 2025 Financial Crisis Prediction
In an era of market volatility and economic uncertainty, financial guru Robert Kiyosaki is sounding the alarm bells with his bold 2025 economic forecast. He recommends strategic investments in gold, silver, Bitcoin, and real estate to safeguard against po
Exploring the Niranjan Hiranandani School of Management & Real Estate at HSNC University
Discover the innovative programs and comprehensive curriculum offered by the Niranjan Hiranandani School of Management & Real Estate (NHSMRE) at HSNC University in Mumbai, India.
Artis Real Estate Investment Trust Announces Monthly Cash Distribution
Winnipeg, MB, March 17, 2025 - Artis Real Estate Investment Trust (Artis or the REIT) (TSX: AX.UN) has announced its latest monthly cash distribution to unitholders. The announcement comes as Artis continues to solidify its position in the real estate inv
Housing Units in Top Indian Cities Surge by 33% in FY25: PropEquity
The delivery of housing units in India's top nine cities has surged by 33% in the fiscal year 2025, according to a recent report by PropEquity. This significant increase is attributed to favorable government policies and the enforcement of the Real Estate Regulation Act (RERA), which have expedited project completions and ensured strict adherence to delivery timelines.