MUMBAI: A consortium led by Reliance Industries’ subsidiary, Reliance 4IR Realty Development, in collaboration with Mahadev Realtors Juhu, has successfully won the bid for the redevelopment of the 101.36-acre Juhu Galli slum cluster in Andheri (West), making it one of the largest slum redevelopment projects in Mumbai.
The tender process was overseen by the Slum Rehabilitation Authority (SRA) and drew bids from major corporate groups, including Reliance, JSW, and the Shapoorji Pallonji Group. The Reliance-led consortium emerged victorious in the bidding process.
The redevelopment plan aims to construct over 28,000 homes for eligible slum residents. This initiative falls under the Maharashtra government’s Cluster Redevelopment Policy, intended to facilitate the redevelopment of large slum areas that are challenging to address under traditional rehabilitation models.
The tender stipulates financial safeguards tied to transit accommodation support for residents. The chosen consortium must address outstanding transit rent dues for slum residents and commit to a total transit rent allocation of approximately Rs 700 crore over the next two years with the SRA.
Moreover, the developer is obligated to place a year’s worth of transit rent via post-dated cheques with the authority to guarantee rental support for eligible residents during the rehabilitation and construction phases.
The winning bidder is also required to provide a performance guarantee of Rs 100 crore to the SRA.
According to the SRA, this project represents one of the most substantial slum cluster redevelopment efforts in the city, which is expected to transform the area’s urban landscape with new rehabilitation housing and enhanced infrastructure.
The initiative is set to offer housing solutions for numerous families currently residing in the cluster, and it will include the development of necessary infrastructure, open spaces, social facilities, and improved connectivity as part of the redevelopment strategy.
This tender process is significant as it marks a major redevelopment opportunity under the state’s cluster redevelopment framework, attracting participation from prominent business entities in the country.
The project is anticipated to serve as a benchmark for large-scale cluster redevelopment efforts across Mumbai, where many slum areas have faced challenges due to fragmented land ownership, rehabilitation obligations, and financial requirements.
With the bidding concluded, the project is now moving into its implementation phase, wherein the selected consortium will carry out the rehabilitation and redevelopment of the cluster in line with the SRA guidelines and the state’s cluster redevelopment policy.
