MUMBAI: The state government agency implementing the Dharavi Redevelopment Project has invited international competitive bids for the ambitious Rs 25,000-crore project.
The largest slum pocket in the country, spread across 240 hectares, has been divided into four sectors. “Sectors 1 to 4 are now proposed to be developed through private builders. Selected developers will have to construct free housing for the eligible slum dwellers and occupants, including amenities and infrastructure as per the terms and conditions,” a bid stated.
In lieu of free housing, the developer will be entitled to construct free sale area in the open market and FSI will be given 4 for the project, said a bid. All four sectors will be re-developed separately.
Slums cut-off date for the project is January 1, 2000, meaning those who have bought a slum between 1995 and 2000 will also be beneficiaries of the project.
Chief minister Devendra Fadnavis on January 6 gave in-principal approval for the proposed land use plan for Dharavi in line with the development plan. While talking to the media, housing minister Prakash Mehta said the re-development work will start in the next 3-4 months.
However, a senior official said they cannot say when work will finally begin as its all depends on the response the project gets.
From ET Realty