Tag: Dharavi redevelopment

IndustryLatest Stories

Dharavi Redevelopment Accelerates: 11,000 Homes Planned

MUMBAI: The redevelopment of Dharavi, Asia’s largest slum, is gaining momentum as the Dharavi Redevelopment Project (DRP) has called upon residents of Sector-6, situated on a 35-acre railway land in Matunga, to cooperate with authorities and vacate their homes to facilitate construction of rehabilitation buildings. The initial phase aims to develop 11,000 tenements of 350 sq ft each in Dharavi’s Sector 6, which has been acquired from Indian Railways across multiple stages. This railway land is a vital part of the Dharavi Notified Area (DNA), originally planned to be mostly vacant and ready for construction. However, the presence of existing…

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Emaar Properties to Keep Stake, Considering JV with Major Firms

NEW DELHI: Dubai’s Emaar Properties has confirmed it will not sell stakes in its Indian subsidiary but is exploring potential joint ventures with major Indian business groups, including the Adani Group. In a regulatory update to the Dubai Financial Market on September 18, Emaar stated it “is no longer considering the sale of any stake in its Indian entity.” Instead, the company is looking into partnerships with large firms or groups in India, specifically mentioning the Adani Group. Emaar Properties first entered the Indian real estate market in 2005 by partnering with MGF Development, committing around Rs 8,500 crore through…

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Over 75% of Dharavi Tenement Holders Eligible for New Homes

MUMBAI: The Dharavi Redevelopment Project (DRP) has unveiled its first eligibility list, revealing that over 75% of tenement holders qualify for new homes under this ambitious slum redevelopment initiative, according to DRP data. Residents who moved to Dharavi before January 1, 2000, can qualify for a 350 sq ft flat within the area, assuming they provide the necessary documentation. Residents who established residence between January 1, 2000, and January 1, 2011, may be offered 300 sq ft units at alternative locations outside Dharavi. The first list identifies 505 households from Meghwadi and Ganesh Nagar in Mahim as eligible for rehabilitation.…