By Accommodation Times News Services
Finally Chief Minister Devendra Fadnavis gave its nod to draft tender documents for the Rs 25,000-crore Dharavi Redevelopment Project, on 6th January, Friday, at a meeting it was decided that the project will be developed on public private partnership (PPP) model. The tenders for the project will be released by next week.
The Dharavi Redevelopment Authority will now invite tenders for the redevelopment of four of the five sectors of the slum sprawl located on prime central Mumbai land. The government aims to complete the project in seven years.
Dharavi Redevelopment Authority’s chief executive officer, Nirmalkumar Deshmukh, said, “There are four sectors of the area and we will invite tenders for all four immediately. Contracts would be given based on competitive bidding. Developers will be eligible to bid for multiple sectors, but they won’t be able to take up redevelopment work for more than one sector.”
The 240 hectares slum area was divided into five sectors years back by the state government, the previous ruling government led by Congress-NCP party, they had allotted the sector no.5 plot to to the Maharashtra Housing and Area Development Authority (MHADA) for redeveloping.
Recently, in the month of December MHADA completed its first start up project in the area and allotted 358 homes to the slum dwellers. More such projects will be developed by the authority in the sector no. 5 and in the rest 4 sectors Dharavi Redevelopment Authority will work under PPP mode.
“The Dharavi revamp project will lead to the creation of 1.08 lakh houses across all four sectors. Of these, the four developers for the four sectors put together will get about 40,000 houses as their sale component,” Deshmukh said.