Mumbai Slum Redevelopment: Over 50 Developers Show Interest in BMC Projects
Over 50 leading real estate firms have expressed interest in redeveloping 64 slum clusters on BMC plots. The pre-bid meeting discussed key conditions, incentives, and challenges.
Real EstateSlum RedevelopmentBmcMumbaiHousing ProjectsReal Estate MumbaiMay 24, 2025
On May 10, the BMC invited Expressions of Interest (EOI) from developers for redeveloping 64 slum rehabilitation projects on municipal land under Regulation 33(10) of DCPR-2034. Leading real estate players like Wadhwa Group, Rustomjee, Dosti Realty, JSW Realty, DHS Group, Jalaram Developers, Nilyog Developers, Asha Developers, and Chandak Realty have shown interest. Developers raised key concerns, including the need for accurate slum household surveys to determine eligibility and greater flexibility in land reservations, which currently restrict the buildable area for redevelopment.
Some of the slum clusters are located in Shimpoli in Borivli, Goregaon East, Malad East, Lower Parel, Dindoshi, Wadala, Govandi, and Ghatkopar. Developers will be responsible for the entire process—from conducting slum surveys and preparing redevelopment plans to securing permissions, constructing both rehabilitation and sale units, and managing post-occupancy maintenance. As per the public notice, developers with prior experience in slum or housing rehabilitation and who meet the necessary technical and financial criteria will be considered.
The BMC said the notice aims to create public awareness, attract capable developers, and further an inclusive redevelopment agenda for the city. The last date for bid submission is June 10, with eligibility and technical bids to be opened the same day. Technical evaluation will conclude by June 17, followed by the opening of financial proposals.
Frequently Asked Questions
What is the purpose of the BMC's slum redevelopment projects?
The purpose of the BMC's slum redevelopment projects is to create public awareness, attract capable developers, and further an inclusive redevelopment agenda for the city, improving living conditions for slum residents.
When did the BMC invite Expressions of Interest (EOI) from developers?
The BMC invited Expressions of Interest (EOI) from developers on May 10 for redeveloping 64 slum rehabilitation projects on municipal land.
What are some of the key concerns raised by developers during the pre-bid meeting?
Developers raised concerns about the need for accurate slum household surveys to determine eligibility and greater flexibility in land reservations, which currently restrict the buildable area for redevelopment.
What are the responsibilities of developers in the slum redevelopment projects?
Developers are responsible for the entire process, including conducting slum surveys, preparing redevelopment plans, securing permissions, constructing both rehabilitation and sale units, and managing post-occupancy maintenance.
What are the criteria for developers to be considered for these projects?
Developers with prior experience in slum or housing rehabilitation and who meet the necessary technical and financial criteria will be considered for these projects.
Related News Articles
New Residential Project Launched by Provident Housing in Chennai
Provident Housing has unveiled a new residential project featuring 676 units spread over 5.35 acres on the bustling Kelambakkam-Vandalur Road in Chennai. This exciting development promises to bring modern living to a vibrant and growing area.
BJP MLA Padalkar: No Hard Feelings Over Cabinet Snub, Will Focus on Hindutva
Despite not making it to the Maharashtra cabinet, BJP MLA Padalkar remains committed to his political and religious goals, vowing to work tirelessly for Hindu religion and Hindutva.
Mumbai Set to Emerge as India's AI Hub with Over 100 Unicorns by 2035
A recent report highlights Mumbai's potential to become India's leading AI hub, projecting the city to host over 100 unicorns by 2035. The report stresses the importance of real estate investments in tech parks and affordable housing to support this growt
Amaravati's Revival Drives Real Estate Surge in Vijayawada West Bypass
The real estate market near Vijayawada's West Bypass is booming, primarily due to the renewed interest in Amaravati as the capital city. This area is witnessing a significant influx of investments and development activities.
AB Real Estate Soars as Booking Value Skyrockets to Rs 8000 Crore in FY25
AB Real Estate, a leading player in the Indian real estate market, has announced a significant surge in its booking value, reaching Rs 8000 crore in FY25. The company launched five new projects in key markets including NCR, Bengaluru, and made a strategic entry into the Pune market.
Market Update: Sensex Closes 46 Points Lower, Nifty at 24,334 as D-Street Prepares for Maharashtra Day
The Indian stock market witnessed a minor setback today, with the Sensex closing 46 points lower and the Nifty settling at 24,334, as D-Street investors took a cautious approach ahead of the Maharashtra Day holiday.