The Maharashtra government has given the green light to the Dharavi Redevelopment Master Plan, aiming to transform Asia’s largest slum into a modern, sustainable urban hub.
DharaviRedevelopmentMaharashtraUrban PlanningSlum RehabilitationReal Estate MaharashtraMay 28, 2025
The Dharavi Redevelopment Project is a massive urban renewal initiative aimed at transforming Dharavi, Asia’s largest slum, into a modern, sustainable urban hub. It involves the redevelopment of infrastructure, housing, and commercial spaces while preserving the socio-economic fabric of the area.
The project is led by Navbharat Mega Developers Private Limited (NMDPL), a joint venture between the Government of Maharashtra and the Adani Group. Renowned architect Hafeez Contractor has been appointed to lead the redevelopment initiative.
The Master Plan includes the integration of residential, commercial, and industrial spaces, modernization of infrastructure, and the provision of rehabilitation units for eligible residents. Each eligible resident will receive a 350 sq. ft. unit, and the project aims to be environmentally sustainable and integrated.
Eligible residents will receive new housing units, and those deemed ineligible for rehabilitation within Dharavi will be relocated to rental housing complexes outside the area under a hire-purchase arrangement. The project aims to improve living conditions and economic opportunities for all residents.
The project is expected to require a significant investment, with the Adani Group committing an initial investment of ₹5,069 crore to kickstart the transformation. The total investment is estimated to be around ₹3 lakh crore.
A new tender has been floated for preparing a Detailed Project Report (DPR) for Direct Port Delivery (DPD) at Jawaharlal Nehru Port in Maharashtra.
Mumbai and Bengaluru remain key hubs, with 80% of GCCs catering to international clients, highlighting India's strategic significance in the global business landscape.
The Real Estate (Regulation and Development) Act, 2016, commonly known as RERA, was introduced to bring transparency, accountability, and order to the real estate sector.
Real estate developers were the first to recognize the potential, constructing luxury villas. However, the grocery market has lagged behind, while the liquor trade has shown more promise...
Mofatraj Munot, a prominent entrepreneur from Rajasthan, founded the Kalpataru Group, a leading player in the real estate sector, in Mumbai. His contributions and those of other Rajasthan-born industrialists have significantly boosted the state's economic
The ongoing conflict in Gaza has brought to light the deep-seated issues of global morality and human rights. As the region faces unprecedented destruction, the world's response—or lack thereof—raises crucial questions about our collective conscience.