Revolutionary Slum Rehabilitation Project in Worli Offers 560sqft Homes to Eligible Residents
In a groundbreaking move, a developer has offered 560sqft residential units to eligible slumdwellers in Worli's Veer Jijamata Nagar SRA project, exceeding the standard 300sqft rehabilitation area.
Slum Rehabilitation AuthoritySraMumbaiValor Estate LtdDb RealtyWorliVeer Jijamata NagarReal Estate MumbaiAug 15, 2024
The Veer Jijamata Nagar SRA society has 1,197 occupants, and Lokhandwala-DB Realty has offered them a choice between two options 300sqft of standard rehabilitation area, 105sqft of fungible floor space index (FSI), and 155sqft from the sale component, or 300sqft of rehabilitation area and the remaining 260sqft from the sale component as permanent alternative accommodation.
A spokesperson for Valor Estate Ltd, formerly known as DB Realty, stated that plans for the rehabilitation buildings, including the additional carpet area in the form of adjoining tenements, have been approved by SRA.
Officials believe that this move could lead to massive competition among developers to offer more area to slumdwellers. Even for Dharavi's redevelopment, the special purpose vehicle (SPV)—Dharavi Redevelopment Project Ltd—is giving eligible slumdwellers 350sqft flats.
The Valor Estate Ltd spokesperson emphasized that Veer Jijamata Nagar society is distinct from other slum areas, as it was a pitch colony where numerous existing tenements exceeded 300sqft. After its designation as a census slum, and in consideration of the prevailing conditions on the ground, it was deemed necessary to ensure that the residents receive adequate compensation for their participation in the scheme.
The spokesperson also mentioned that a portion of the sale FSI entitlement of the developer has been allocated to these residents, and 25% of the project land will be transferred to BMC for expansion of the STP.
Datta Narvankar, former Shiv Sena corporator from Worli, said that since the developer has offered the additional 260sqft from the sale component, slumdwellers have demanded that their sale agreements be registered right away. \
Frequently Asked Questions
What is the standard size of a slum rehabilitation unit in Mumbai?
The standard size of a slum rehabilitation unit in Mumbai is 300sqft.
What is the size of the residential units offered by the developer in Worli's Veer Jijamata Nagar SRA project?
The developer has offered 560sqft residential units to eligible slumdwellers in Worli's Veer Jijamata Nagar SRA project.
What is the significance of the additional 260sqft offered by the developer?
The additional 260sqft offered by the developer is a significant move, as it exceeds the standard rehabilitation area and provides more space to the slumdwellers.
What is the role of the Slum Rehabilitation Authority (SRA) in this project?
The SRA has approved the plans for the rehabilitation buildings, including the additional carpet area in the form of adjoining tenements.
What is the expected impact of this project on the slumdwellers?
The project is expected to provide permanent alternative accommodation to the slumdwellers, while also ensuring that they receive adequate compensation for their participation in the scheme.
Related News Articles
Pune-Mumbai Expressway's Missing Link Project Sees Completion Deadline Extended to May 2025
The Pune-Mumbai Expressway's missing link project has seen its completion deadline extended to May 2025. The Rs 6
Unlocking Value in NCR Real Estate: What $1 Million Buys You
Explore the potential of a $1 million investment in the Delhi-NCR real estate market, where you can secure spacious properties with premium amenities and strategic locations.
CapitaLand Investment Limited Eyes SGD 15 Billion Investment in India by 2028
CLI to double its current SGD 7.4 billion investment in India, exploring opportunities in renewable energy and real estate private credit.
Tesla Leases Prime Office Space in Mumbai's BKC for ₹35.26 Lakh Per Month
Tesla has made a significant move in India by leasing a premium office space in Mumbai's Bandra Kurla Complex (BKC) for an estimated ₹35.26 lakh per month. This strategic decision highlights Tesla's commitment to expanding its footprint in the Indian mark
RSS Chief Bhagwat Urges Mass Participation in Maharashtra Elections
In a significant move ahead of the Maharashtra elections, RSS chief Mohan Bhagwat has called upon citizens to vote in large numbers. Bhagwat, along with other senior leaders, is making a concerted effort to ensure maximum voter turnout.
Understanding Aditya Birla's Strategic Exit from the Paper Business
Explore the reasons behind Aditya Birla Real Estate's decision to divest its paper business to ITC, and the strategic implications of this move.