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.
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