Mumbai's Real Estate Giants Compete for Slum Redevelopment Projects
Top real estate firms have submitted bids for 47 slum redevelopment projects on BMC-owned plots. The highest premium bidders will be selected to transform these areas.
Slum RedevelopmentReal EstateBmcMumbaiDevelopersReal Estate MumbaiJul 17, 2025
Among these, 22 projects from the city and western suburbs received the highest response. Developers offering the highest premium will be selected for the respective projects.
There are approximately 51,582 slum structures on 64 reserved municipal plots across the city and suburbs. On May 10, the BMC invited Expressions of Interest (EOI) from developers for redeveloping these slum rehabilitation projects on municipal land under Regulation 33(10) of the DCPR-2034.
However, due to some issues affecting 17 schemes, those projects were put on hold, and tenders were invited for the remaining 47 schemes. Projects in the city and western suburbs attracted greater interest, while eastern suburbs saw comparatively fewer responses.
“All applications will be scrutinised over the next 3 to 4 days, after which Packet C (the financial bid) will be opened. In the final stage, the developer offering the highest premium will be selected. If multiple bidders meet this criterion, the final selection will be made through a lottery draw,” said a civic official.
Leading real estate players such as Wadhwa Group, Rustomjee, Dosti Realty, JSW Realty, DHS Group, Jalaram Developers, Nilyog Developers, Asha Developers, and Chandak Realty have expressed interest during the pre-bid meeting.
Developers had 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 targeted for redevelopment are located in Shimpoli in Borivali, 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.
Frequently Asked Questions
What is the purpose of these slum redevelopment projects?
The purpose is to improve living conditions for slum dwellers by providing them with better housing and infrastructure, while also utilizing municipal land efficiently.
How many developers have shown interest in these projects?
A total of 86 developers have submitted bids for the 47 redevelopment schemes.
Which areas have received the most interest from developers?
Projects in the city and western suburbs have received the highest response, while the eastern suburbs saw comparatively fewer responses.
What are the key concerns raised by developers?
Developers have raised concerns about the need for accurate slum household surveys and the need for greater flexibility in land reservations to increase the buildable area for redevelopment.
What is the selection process for the developers?
The developers offering the highest premium will be selected. If multiple bidders meet this criterion, the final selection will be made through a lottery draw.
Related News Articles
The Rise and Fall of Archie Manning's Fortune: A Tale of NFL Glory and Real Estate Scams
Archie Manning's net worth took a significant hit due to a real estate scam in the 1980s. Find out how his financial mistakes affected his fortune.
Pune Property Market Sees Flat Registrations in August 2024 Amid Rising Stamp Duty Collections
Real estate analysts point to a shift in homebuyers' preferences and increasing prices in major micro-markets as registrations remain flat
India's Housing Market Sees Significant Improvement with Record Low Inventory Overhang
The Mumbai Metropolitan Region and Pune, two of the most prominent real estate markets in Maharashtra, have witnessed a substantial decrease in housing inventory overhang.
Maharashtra Tribunal Directs CIDCO to Register Land Schemes as Real Estate Projects
The Maharashtra Real Estate Appellate Tribunal (MREAT) has ruled that the City and Industrial Development Corporation (CIDCO) must register its land schemes as real estate projects, aligning with the Real Estate (Regulation and Development) Act of 2016.
Trump’s Victory in 2024 US Elections Brings 'Trump Towers' to Bengaluru, Mumbai, Pune, and Three Other Indian Cities
Following Donald Trump's victory in the 2024 US presidential elections, India is poised to become the largest hub for Trump Towers outside the United States, with major projects planned for Bengaluru, Mumbai, Pune, and three other Indian cities.
Bachelor Living in Prestigious Malabar Hill, Mumbai: A Unique Renter’s Experience
Explore the life of a bachelor renting a cozy abode in the elite neighborhood of Malabar Hill, Mumbai. Discover the unique challenges and benefits he faces living in one of the most sought-after areas in the city.