The Dharavi redevelopment venture expects to build 1.08 lakh houses.
courtesy: Maharashtra Housing and Area Development Authority (Mhada)
Another life has been infused into the Dharavi redevelopment venture. The Maharashtra Housing and Area Development Authority (Mhada) has shortlisted 16 developers for redeveloping 240 hectares of Dharavi in the pre-bidding stage.
The venture means to develop 1.08 lakh houses. More than half of them will be in the affordable segment. The greatest redevelopment venture in the state, it will restore 58,000 people and is expected to be finished in seven years.
The 16 developers are Agafiya Trading, Pricewaterhousecoopers, Bayvilla Properties, Larsen and Toubro, Omkar, Alvino Realtors, Oberoi Construction, BG Shirke Construction Technology, Incline Realty, Kalpataru, Kay Bee Developers, Oberoi Realty, Tata Realty and Infrastructure, Nina Waterproofing Systems, Era Realtors and Neptune Developers.
The Maharashtra government has chosen to give a floor space index of 4 and the size of the flat implied for rehabilitation will be 350 sq ft each.
"There are five parts and the fifth has been created by Mhada itself. Of the 1.08 lakh houses, the four developers will have the capacity to offer 40,000 flats in the open market. In the remaining 68000 houses, 55000 will be used to rehabilitate hutments. The rest will be available to be purchased in the open business sector under the reasonable housing segment".
In spite of the fact that the Congress-NCP had welcomed offers in 2007 and 14 designers displayed interest, every one of them pulled out later claiming that the bidding process was faulty.
Project cost
Pegged at an expected estimation of Rs5,000 to Rs7,000 crore for each sector, the entire money will be invested by the private player with the administration not spending any money from the public funds.
Rehabilitation tenement size
In 2004, when the venture was declared 225 sqft was to be given for each eligible structure. Because of industrious interest from local people and their delegates, the carpet area size was increased in 2012 to 275 sqft. From there on, it was again reconsidered just before 2014 state decisions to 300 sqft. The most recent offer is 350 sqft against the interest of 400 sqft.
In the event that the private builders develops 10 sqmt of the developed range of the restoration part, then the developer will remain to get 13.33 sqmt of the developed territory to offer in the open market. In this way, even by conservative figures and according to the study done in 2008 there will be upwards of 78,000 to 80,000 housing units of around 450 sqft will be available to be purchased in the open market.
However, the fact of the matter is liable to appear as something else as developers are doing their own particular study to calculate total eligible structures in their own sector. Contingent upon the review result, they will settle on the aggregate number of flats that will be developed under the saleable part and the flat size.
2004: Dharavi Redevelopment Project Announced
2007: Expression of Interest called and got reaction from 19 designers
2008: Survey of Dharavi finished
2009: Master arrangement of Dharavi Redevelopment Project finished
2010: Out of 19, just six developers kept on demonstrating enthusiasm for the venture
2011: Bidding process ended and all-inclusive strategy scrapped
2013: Draft of new end-all strategy at standard with Development Plan arranged
2014: The reexamined arrangement submitted to the state government
2014: Slum regularization slice off date reached out to 01/01/2000
2016: on a fundamental level endorsement got from state government to proceed with creating 4 parts
Local people cheerful yet distrustful
Local people are respecting the news but at the same time are doubtful about it because of their experience of flip-flops in the previous 12 years.
"We need Dharavi to develop and nobody wants to live in a ghetto. In any case, by our experience, this announcement appears like a merry-go-round. On the off chance that the government really needs development". The residents not just need a decent living and residential flats, additionally quality social infrastructure like medical centers, education institutes, gardens, grounds, etc.
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