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Indian Express
2 days ago
- Business
- Indian Express
GST to staircase rules, Dharavi project seeks many exemptions
From tax exemptions to waivers on charges for any deficiencies in staircase and open space rules, the Dharavi redevelopment project has sought several key exemptions that are pending government approval. These, along with other issues awaiting clearance, were flagged in a presentation by the Navbharat Mega Developers Private Limited (NMDPL) — the special purpose vehicle (SPV) set up through a joint venture between Adani Properties Private Limited (80%) and the state government's Slum Rehabilitation Authority (20%) to execute the redevelopment project – during a high-level review meeting chaired by Chief Minister Devendra Fadnavis on May 28 at which the project master plan was cleared. When contacted, a senior official with the housing department said while these pending issues are yet to be cleared by various departments, they are not a part of the master plan. 'The pending issues raised are important for the project, and the respective departments will follow procedures and take a final decision,' the official said. According to NMDPL, these pending approvals are required to unlock land, complete legal formalities, reduce upfront costs, and proceed with housing and infrastructure components of the plan. These include land transfers, waivers on tax and staircase/ open space premium, regulatory relaxations that would help NMDPL carry out the redevelopment, rehabilitate slum dwellers and utilise the land parcels — including Kurla Dairy land, Jamasp Salt Pan in Mulund, Aksa and Malvani, Deonar, and Arthur & Jenkins Salt Works — that have been allocated for rehabilitation of ineligible residents of Dharavi. While the master plan envisages construction of 58,532 residential units and 13,468 commercial and industrial units on 116.6 acres of the existing Dharavi area for the rehabilitation of eligible residents, the NMDPL will utilise around 541 acres of land allotted to it across the city (outside of Dharavi) for construction of rental housing for ineligible residents. Besides, another 118.4 acres inside Dharavi, of the gross area of 620 acres, have been earmarked for commercial development. The developer has flagged at least eight key issues awaiting government approval — across departments including housing, urban development, revenue and finance — and requested that the decisions be finalised by July to maintain project momentum. The project is scheduled to be completed by 2032. NMDPL has requested final notification for reimbursement of State GST (SGST) paid on construction for 15 years in rehabilitation and 5 years in commercial units. This will help it to avail Input Tax Credit on the construction of rehabilitation as well as commercial units. The proposal asks the state to consider the functions of the redevelopment project under Article 243W of the Constitution, enabling exemption from 18% GST on 'pure services' like consultancy, project management and design (fees). A Government Resolution waiving or capping charges on the developer for staircase and open space deficiencies is pending with the Urban Development Department since January this year. These premiums or charges are applied when buildings/ projects have less open space or staircase area than required by rules. Waiving or reducing these charges would help lower the overall project cost. The developer has sought approval to use 35% fungible floor space index (FSI) to increase the size of renewal tenements (units inside Dharavi) beyond the standard 405 sq ft. As housing societies demand more than the minimum 405 sq ft, the SPV proposes using 35% fungible FSI to accommodate additional area, subject to viability. A proposal on this was sent in March this year. 'By letter dated 23.10.2023 and 18.06.2024, housing department was asked to provide clarity (on the carpet area of renewal tenements),' the NMDPL has said. So far, meetings have been held with the 18 housing societies inside Dharavi, and the developer has said the residents have been demanding a higher carpet area. As per regulations, the minimum carpet area is 405 sq ft. The NMDPL has sought sub-leasing rights to transfer developed units on 21 acres of Kurla Dairy land to societies/ end users. It has said that implementation of the project on land given via government resolutions of the revenue and forest departments cannot be undertaken without such sub-lease. Although a government resolution for allocation of 140 acres in Aksa and Malvani areas was issued in October 2024 and measurement was completed in January 2025, the NMDPL has said the Collector has not issued a payment demand notice, halting the possession of land. The NMDPL has said the demarcation of core Dharavi land by the superintendent of land records has been pending for over nine months even as reminders were sent in April and May. It points out that the process is critical for plotting, layout design, and planning approvals. The NMDPL has requested a waiver of stamp duty charges on long-term land leases, particularly those with central agencies like Railways, as government projects may be exempted from stamp duty under certain rules. Meanwhile, Rajendra Korde, president of the Dharavi Residents Association, said the number of new units being constructed was far lower than the number of existing units. He said surveys should first be conducted properly and every tenant should be considered eligible. Korde also demanded that the project master plan should be made public, and suggestions/ objections should be taken from the residents. According to the eligibility criteria for the redevelopment project, ground-floor residents who settled in Dharavi before January 1, 2000, can get a 350 sq ft house within Dharavi free of cost; those who settled between January 1, 2000, and January 1, 2011, can get a 300 sq ft house outside Dharavi for Rs 2.5 lakh under the Pradhan Mantri Awas Yojana (PMAY). Residents of upper-floor structures built before November 15, 2022, and ground-floor structures built between January 1, 2011, and November 15, 2022, will be offered rental accommodation outside Dharavi. They can also opt for a 'hire-purchase' scheme for 300 sq ft houses.
Hindustan Times
2 days ago
- Business
- Hindustan Times
Dharavi's ₹95,790 crore makeover: 5 things to know about the Master Plan approved by the Maharashtra government
The Dharavi Redevelopment Master Plan received the state government's approval on May 28, according to a statement from the office of Maharashtra Chief Minister Devendra Fadnavis. The Master Plan details the redevelopment and rehabilitation of Dharavi, India's largest slum cluster. Here are five things that you need to know about the Master Plan of the Dharavi redevelopment project. The Master Plan will serve as a comprehensive blueprint for integrating residential, commercial, and industrial spaces while rehabilitating residents in Dharavi. It aims to modernise infrastructure while preserving Dharavi's socio-economic fabric. Spanning over 600 acres, Dharavi is all set to undergo a facelift, with nearly 300 acres marked specifically for redevelopment and rehabilitation. In January 2024, Navbharat Mega Developers Private Limited (NMDPL), a joint venture between the Maharashtra government and the Adani Group, appointed renowned architect Hafeez Contractor to lead the redevelopment initiative. Also Read: Mumbai News: Dharavi redevelopment master plan gets Maharashtra government's nod According to the master plan of the Dharavi redevelopment project, a total of 72,000 tenants are presumed to be eligible for rehabilitation. Out of the 72,000 tenants, over 13,000 units are non-residential tenants, and the balance are residential tenants. As per Maharashtra's Slum Rehabilitation Act, each eligible resident of Dharavi will receive one rehabilitation unit, regardless of the number of tenements they own. These units will be 350 sq. ft. in size, an upgrade from the 300 sq. ft. units provided in other slum redevelopment projects. Residents deemed ineligible for rehabilitation within Dharavi will be relocated to rental housing complexes outside the area under a hire-purchase arrangement. According to the Master Plan of the Dharavi notified area, which covers a total of 251 hectares, the net developable area is 108.99 hectares, which is slightly above 269 acres. Out of the total 108.99 hectares, 47.20 hectares are reserved for the rehabilitation of Dharavi residents. Another 47.95 hectares are reserved for a saleable component, where residential, commercial, and retail units will be sold in the open market. The Master Plan also reserves around 40 hectares, or around 99 acres, for open spaces. Also Read: 100 acres of greenery, open space proposed in Dharavi According to the Master Plan, a survey has been completed for around 56,971 structures and partially completed for the remaining structures as of May 19. The door-to-door survey is being undertaken to identify the tenants' eligibility. The authorities are expecting to complete the entire door-to-door survey in the next two months. According to the Master Plan of the Dharavi redevelopment project, the rehab portion of the project is estimated to cost over ₹95,000 crore. The first commencement certificate for the rehab portion's construction was received on January 14, 2025, and the end date is seven years later, on January 13, 2032. The timeline for the entire project, including the sale component, is 17 years. Also Read: ₹3 lakh crore investment expected for the Dharavi redevelopment project: CEO The total project cost, including the sale component and other components, is expected to be ₹3 lakh crore. Speaking to reporters on February 27, SVR Srinivas, CEO of the Dharavi Redevelopment Project, estimated the total investment for the redevelopment and rehabilitation project to be approximately ₹3 lakh crore.
Hindustan Times
4 days ago
- Business
- Hindustan Times
100 acres of greenery, open space proposed in Dharavi
Mumbai: When the world's third-largest and densest slum, Dharavi, is redeveloped into an integrated planned township, it will have connected open spaces that will serve as a green lung at its centre. This is one of the highlights of the Dharavi Redevelopment Project Master Plan, which was approved by the Maharashtra government on May 28. The Adani Group-led Navbharat Mega Developers Private Limited (NMDPL) has proposed 100 acres of land to be kept as open space with beautiful landscapes, parks, playgrounds, and gardens, according to the master plan, which was seen by HT. There are three main landscape strategies that have been proposed as part of this connected green space for Dharavi: a 'Central Heart', a 'Green Spine' and a waterfront along the Mithi River. The Central Heart is a rectangular park at the heart of Dharavi, which NMDPL has likened to the Bryant Park in New York City, which is spread across 9.6 acres. According to officials, it will be a large public open space with a canopy of trees and plants. It will be available for the recreational needs of citizens and to celebrate festivals. The Green Spine will be a long pathway cutting through Dharavi for pedestrians and cyclists with trees on the sides, which will also act as buffer to prevent waterlogging during rains, officials said. It will start from the Mahim Nature Park, pass through the Central Heart and move south-west before it ends at the railway land between Matunga and Matunga Road railway stations. 'This lengthy green walkway will also act as a flood mitigation measure with a bioswale planned across the center of the spine. This unique feature is planned as part of a stormwater mitigation strategy,' said an official from the Dharavi Redevelopment Project, the implementing agency. Lastly, a riverfront development and water body rejuvenation is also on the anvil, wherein a promenade will be created on the edges of Dharavi bordering the Mithi River. This will be a linear open space to make the river's edge more accessible for citizens who come for a walk, similar to Marine Drive, officials said. The existing mangroves in this area will not be touched as part of the redevelopment, officials added. Dharavi is being redeveloped by a special purpose vehicle comprising the Maharashtra government's Dharavi Redevelopment Project (DRP) and Adani Properties.
News18
4 days ago
- Business
- News18
Mumbai Metro Connectivity To Bigger Houses: The Dharavi Redevelopment Project Explained
Last Updated: 'Dharavi is an economic hub and a unique industrial cluster whose original character must be original resident should be provided with a home,' said CM Fadnavis The Maharashtra government on Wednesday approved the master plan for the ambitious Rs 95,790-crore Dharavi redevelopment project at a review meeting attended by Maharashtra Chief Minister Devendra Fadnavis and senior officials. 'Dharavi is a major economic hub and a unique industrial cluster whose original character must be preserved in the redevelopment. Every original resident of Dharavi should be provided with a home," said CM Devendra Fadnavis on X. The master plan will now be presented in Cabinet for approval. Dharavi Redevelopment to Move Ahead Without Losing Its Soul!🏙️Chaired a review meeting regarding Dharavi redevelopment project at Sahyadri Guest House, Mumbai, today. Issued important directions to all concerned departments with a strong emphasis on sensitive, inclusive, and… — Devendra Fadnavis (@Dev_Fadnavis) May 28, 2025 The Navbharat Mega Developers Private Ltd (NMDPL) is executing the mega project as a special purpose vehicle (SPV) between the Government of Maharashtra — through the Dharavi Redevelopment Project (DRP), Slum Rehabilitation Authority (SRA) and the Adani Group. In January 2024, NMDPL appointed renowned architect Hafeez Contractor to lead the redevelopment. WHAT WILL RESIDENTS GET? Each eligible resident of Dharavi will receive one rehabilitation unit, regardless of the number of tenements they own. These units will be 350 sq. ft. in size—an upgrade from the 300 sq. ft. units provided in other slum redevelopment projects, according to reports. The projects aims for rehabilitation of 72,000 units — 49,832 residential and 12,458 industrial/commercial. It is expected to benefit nearly 6 lakh people. 📍 #मुंबई |मुंबईतील सर्वात मोठी झोपडपट्टी अशी ओळख असलेल्या धारावीच्या पुनर्वसन प्रकल्पाच्या मास्टर प्लॅनचे आज सादरीकरण करण्यात आले. यावेळी या पुनर्वसन प्रकल्पाची वैशिष्ट्ये आणि त्यातील अडचणीही जाणून घेतल्या. सुमारे १ लाख कोटींचा या प्रकल्पाद्वारे धारावीमध्ये राहणाऱ्या सुमारे… — Eknath Shinde – एकनाथ शिंदे (@mieknathshinde) May 28, 2025 THE CONNECTIVITY A key highlight of the project is the construction of a multi-modal transit hub, with direct connectivity to Metro Line 11. A total of 108.99 hectares will undergo development. Deputy CM Eknath Shinde also noted that a committee headed by a former Chief Justice has been set up to oversee the rehabilitation of 296 religious structures. All decisions, he said, will be taken in consultation with Dharavi residents and in accordance with legal norms. THE FIVE CLUSTERS 'Through this project, costing approximately 1 lakh crore, around 6 lakh people residing in Dharavi will be rehabilitated. To rehabilitate the various industries in Dharavi, five different clusters will be created, through which industries such as pottery, leather, food, clothing, and waste recycling will be rehabilitated. Additionally, there will be excellent connectivity through metro, roads, bus routes, and railway lines. The project is set to be completed in seven years, with the aim of providing a better lifestyle for all stakeholders," said Shinde. WHAT CM FADNAVIS SAID Dharavi is a transformative economic zone capable of reshaping the nation's urban and economic landscape. The redevelopment must include every Dharavikar. No one should be left behind. Rehabilitation of local businesses must be done respectfully at their original locations, maintaining their traditional character. Trust-building, coordination, and empathy are essential components of the redevelopment process. Issued clear directives to ensure the voices and aspirations of all citizens are integrated into the plan, maintain the socio-cultural identity of Dharavi throughout the redevelopment, and enable a harmonious balance between progress and preservation. This historic project, while protecting the essence of Dharavi, is expected to accelerate with renewed momentum, unlocking new possibilities for the community and the city at large. THE OPPOSITION The project, however, has also seen opposition from several small-scale units and residents who have been living illegally. tags : Dharavi dharavi slums news18 specials Location : Mumbai, India, India First Published: May 30, 2025, 13:44 IST News explainers Mumbai Metro Connectivity To Bigger Houses: The Dharavi Redevelopment Project Explained
India Today
5 days ago
- Business
- India Today
Mumbai's Dharavi to get a Rs 95,790 crore makeover in 7 years
The Maharashtra government has given a green signal to a large-scale plan to completely transform Dharavi by Chief Minister Devendra Fadnavis has approved the master plan for the Rs 95,790 crore Dharavi Redevelopment Project (DRP). The project aims to reshape Dharavi into a modern and well-connected urban space by January 2032.A NEW FACE FOR DHARAVIThe entire redevelopment will cover a gross area of 251.24 hectares (628.82 acres). Of this, a total of 541.2 acres of prime land have been set aside for building affordable rental homes. Construction work already began on January 14, 2025, starting with railway infrastructure after the first clearance certificate was issued. The entire project is expected to take seven years to The redevelopment is being led by a special purpose vehicle (SPV), Navbharat Mega Developers Private Limited (NMDPL), formed through a joint venture between the Maharashtra government's Slum Rehabilitation Authority (SRA) and the Adani Group's Dharavi Redevelopment Project Private Limited (DRPPL). On Wednesday, NMDPL's CEO, SVR Srinivas, presented the plan to HOMES, STRONGER CONNECTIONSNMDPL says the aim is not just to build new homes but to improve the overall quality of life for the people of Dharavi. The plan promises better infrastructure, clean spaces, and easy access to public facilities.'The Dharavi development project is a unique opportunity to transform the lives and live-work conditions of Dharavikars aiming for a higher quality of life with great infrastructure, public amenities,'NMDPL stated in its of the Dharavi revamp includes a Multi Modal Transport Hub (MMTH), managed by MMRDA. . It aims to seamlessly link homes and workplaces with public transport. Level 1 will provide links to Mahim and Sion, while Level 2 will connect to Metro Lines 8 and 11. The project focuses on building a compact urban area where key services are accessible by foot within 5, 10, or 15 minutes. Plan for a Multi Modal Transport Hub (Photo Credit: India Today) advertisementHOMES, SHOPS AND WORKPLACESAround 72,000 new tenements are planned, which will include homes, commercial shops, and spaces for small industries. However, a proper survey to confirm the number of eligible residents is still underway. Some areas like Kumbharwada and privately-owned slum land have shown resistance to the door-to-door survey FOR REHOUSINGThere's resistance from local residents in areas like Mulund against housing Dharavi families. In its presentation, NMDPL stated that six plots across Mumbai, totalling 541.2 acres have been allotted for affoMunrdable rental housing. These include 21 acres in Kurla and 58.5 acres in Mulund, for which possession has already been handed overto SPV. (Photo credit: India Today) The remaining four plots—124.3 acres in Deonar, 140 acres in Malad (Aksa and Malvani), 120.5 acres in Arthur Road, and 76.9 acres in Kanjurmarg— are yet to be handed to NMDPL, six land parcels totalling 541.2 acres have been earmarked for affordable homes. Of these, 21 acres in Kurla and 58.5 acres in Mulund are already in SPV's possession. The rest—124.3 acres in Deonar, 140 acres in Malad, 120.5 acres in Arthur Road, and 76.9 acres in Kanjurmarg—are yet to be handed Reel
