Revolutionizing Slum Redevelopment: Dharavi Model to be Replicated Across India
Dr. Niranjan Hiranandani, renowned real estate developer, shares his insights on the Dharavi slum redevelopment project, which is set to become a model for other states to follow
Slum RedevelopmentDharaviReal EstateAffordable HousingSustainable DevelopmentReal Estate NewsJul 08, 2024
The project, which aims to redevelop Asia's largest slum into a world-class city, offers a unique blend of sustainability, affordability, and community development. Residents of Dharavi will be allocated flats measuring 350 square feet, 17% larger than those provided in other SRA schemes in Mumbai. Additionally, the project includes 10 years of free maintenance and allows for 10% commercial space within residential premises, ensuring sustainable revenue for housing societies.
Eligible businesses will receive free business premises, and a five-year state GST rebate is offered to enhance profitability, integrate them into the formal economy, increase competitiveness, and create growth opportunities. The Dharavi Redevelopment Project is a first-of-its-kind initiative that seeks to improve the quality of life for over one million residents of Dharavi with several additional initiatives towards sustainable multi-modal transport systems and state-of-art infra utilities. With its innovative approach and focus on community development, this project is set to become a model for slum redevelopment projects across India.
Frequently Asked Questions
What is the Dharavi slum redevelopment project?
The Dharavi slum redevelopment project is a joint venture between the Adani Group and the Maharashtra government to redevelop Asia's largest slum into a world-class city.
What are the key features of the Dharavi slum redevelopment project?
The project offers flats measuring 350 square feet, 10 years of free maintenance, and 10% commercial space within residential premises, ensuring sustainable revenue for housing societies.
What benefits will eligible businesses receive in the Dharavi slum redevelopment project?
Eligible businesses will receive free business premises and a five-year state GST rebate to enhance profitability, integrate them into the formal economy, increase competitiveness, and create growth opportunities.
What is the goal of the Dharavi slum redevelopment project?
The goal of the project is to improve the quality of life for over one million residents of Dharavi with several additional initiatives towards sustainable multi-modal transport systems and state-of-art infra utilities.
Related News Articles
IAS Officer Puja Khedkar's Marital Status Under Scrutiny: Centre Seeks Clarification
Centre asks Pune Police to investigate Puja Khedkar's parents' marital status amid allegations of quota fraud.
Reimagining Pune's Urban Development: Experts Weigh In
Pune's urban development conclave brings together experts to discuss sustainable growth strategies for the city.
Kolkata Leads in Home Affordability, Mumbai Poised to Follow by 2025
Kolkata has emerged as the city with the highest home affordability, according to a recent report by JLL. The report also projects that Mumbai will see significant improvements in affordability by 2025.
Can Alternative Investment Funds Provide Stability in Volatile Markets?
In a rapidly fluctuating financial landscape, alternative investment funds have emerged as a potential haven for investors. This article explores the stability and benefits of alternative investments such as real estate investment trusts (REITs), venture
Supreme Court Suggests CBI Probe into Bank-Builder Collusion in Housing Projects
The Supreme Court has raised serious concerns over potential collusion between banks and real estate developers in housing projects, suggesting a CBI probe to investigate the matter thoroughly.
Certus Capital Invests Rs 500 Cr in Four Real Estate Projects Via Private Credit
Certus Capital has strategically deployed ₹500 crore through secured private credit in four real estate projects, including a commercial office and three residential developments. This move underscores the growing importance of private credit in the Indian real estate sector.