Mumbai Aims to Become Slum-Free with 5,000 Redevelopment Projects
NAREDCO requests state government to allocate 5,000 slum redevelopment projects to industry body, aiming to make Mumbai a slum-free city
MumbaiSlum RedevelopmentNaredcoMaharashtra GovernmentAffordable HousingReal Estate MumbaiSep 11, 2024
The request comes after Maharashtra Housing Minister Atul Save called upon real estate developers to be part of the slum redevelopment process initiated by the state government through various agencies. The minister's aim is to fulfill the Prime Minister's vision of 'Housing for All' and make Mumbai a slum-free city.
According to Sanjeev Jaiswal, Vice President and CEO of Maharashtra Housing and Area Development Authority (MHADA), slum rehabilitation has always been a desirable and aspirational goal.
Frequently Asked Questions
What is the goal of the Maharashtra government's slum redevelopment initiative?
The goal is to make Mumbai a slum-free city by providing affordable housing to slum dwellers.
How many slum redevelopment projects has NAREDCO requested from the state government?
NAREDCO has requested 5,000 slum redevelopment projects from the state government.
What are the challenges faced by the state government in implementing the slum redevelopment initiative?
The challenges include scarcity of land, plot reservations, and legal disputes affecting many of the projects.
What is the role of NAREDCO in the slum redevelopment initiative?
NAREDCO aims to play a pivotal role in transforming Mumbai into a slum-free city by spearheading the slum redevelopment initiative.
What is the expected outcome of the slum redevelopment initiative?
The initiative is expected to provide affordable housing to slum dwellers, promote inclusive growth, and redefine the landscape of Mumbai's real estate sector.
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