MUMBAI SLUM FREE
No land to Adani group, Dharavi land transfer to Maharashtra govt depts: Sources
The Dharavi slum redevelopment project involves the Adani group building houses for residents, with land transferred to Maharashtra government departments, not Adani. Officials rejected claims of land grab, emphasising that the land remains with government entities. The project aims to provide housing and commercial spaces, ensuring no displacement of Dharavi residents. Additional benefits include stamp duty exemptions and business support.
Maharashtra government's slum policy strange as it encourages encroachments; its inspection required, says HC
The court said once slums on a private land are recognised under the Slum Act, strangely the encroachment on a private land gets converted into a legitimate right of a free tenement to the encroacher under the slum policy of the state government, which, in our opinion, is as good as a premium on the illegality of the encroacher in encroaching on either private or public land. The court said government authorities need to be conscious of the ground reality that it is a herculean task to remove encroachers from both private and public land.
'Uddhav Thackeray ji, his son cannot dictate Mumbai's fate': Piyush Goyal hits back at criticism on 'shifting slum' proposal
Piyush Goyal slammed Shiv Sena (UBT) leaders Uddhav Thackeray and Aaditya Thackeray saying that they cannot 'dictate the fate of Mumbai' and added that opposing a vision that transforms the city reflects their 'anti-development agenda'.
Government looking to make Mumbai slum free, says Union Minister Piyush Goyal
“Nobody likes to live in slums, it’s a compulsion. It’s on us how we can get them out of the slums, give them a life of dignity and self-respect. We need to balance all interests and come up with a solution that takes care of all Mumbaikars including poor, middle class, and rich people,” Goyal said in an interaction.
Adani to start data collection for Mumbai slum redevelopment in February
The survey will be crucial in deciding who among the residents of the Dharavi slum will be eligible to receive a free home in the area that is being redeveloped. However, authorities have struggled for decades to fix up the area, which covers 640 acres (260 hectares), with Adani Group finally winning the bid to redevelop the area together with the state of Maharashtra, though legal disputes over the awarding of the contract are outstanding.
Adani's bid to remake Dharavi spurs residents' doubts, favouritism claims
Adani Group aims to demolish what it describes in legal documents as an area of "unhygienic, deplorable" conditions and build new towers on state-owned land to accommodate residents and their businesses. Consultancy Liases Foras estimates Adani may invest up to $12 billion on remaking Dharavi and in return get development rights that could yield revenue of up to $24 billion.
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Will Dharavi become another Bandra Kurla Complex? What Gautam Adani gets out of it
Rehabilitation of nearly 700,000 dwellers is no easy task, with many already doubting if the redevelopment would actually help them while many others are afraid that they would be just thrown out. However, Adani has promised to rehabilitate all the eligible as well as non-eligible residents.
Macrotech Developers inks pact for mixed-use project in Mumbai’s Andheri
Realty developer Lodha’s listed company Macrotech Developers has entered into an agreement with Havemore Realty to develop the free-sale component of a 1.4-million-sq-ft Mumbai project in which HDFC was an investor. HDFC that has merged with HDFC Bank will get a certain built-up area as part of repayment of its investment made earlier.
Had Mumbai roads been concretised 15 years ago, we could have saved Rs 3,500 crore: Eknath Shinde
The chief minister of Maharashtra, Eknath Shinde, said that up to INR 3,500 crore could have been saved if Mumbai roads had been concretised 15 years ago. The Shiv Sena (UBT) had previously called for a protest against "irregularities" in the Brihanmumbai Municipal Corporation (BMC), which it ruled from 1997 until last year. Shinde said the party was launching a programme to make Mumbai's roads pothole-free and concretised within two to three years, covering 450km in the first phase at a cost of INR 6,000 crore.
CREDAI-MCHI urges finance minister to change redevelopment projects’ GST structure
Real estate developers of Mumbai's Metropolitan Region have approached the Indian Ministry of Finance with concerns that the Goods & Services Tax is impacting the viability of rehabilitation projects. Redevelopment is a key aspect of the region’s property market, with around 19,000 properties awaiting such a project.
Labdhi to take over Rajesh LifeSpaces' project in Mumbai
With this acquisition, Labdhi will be the lead developer of the project to be now known as Labdhi Searene, while Rajesh LifeSpaces makes a complete exit. Of the financial partners, JM Financial has already been provided an exit, while Mirae Asset will be repaid in the next few days.
Sheth Homes inks pact for nearly 1-million-sq-ft joint development in Mumbai’s Kandivali
The project is the free-sale component of a slum rehabilitation project and the Ashwin Sheth Group company will be investing over Rs 400 crore to develop this portion of the project. As per the agreement, Sheth Homes will also pay Rs 100 crore deposit to be paid to Bombay Slum Redevelopment Corporation in tranches for acquiring the development rights. The entire project is spread over nearly 8 acre of land parcel.
K Raheja Corp buys rights for 1.53 lakh sq ft FSI in Mumbai’s Wadala for Rs 275 cr
The FSI rights are for the development of the free-sale component of a slum rehabilitation project in Wadala’s Shanti Nagar. The slum rehabilitation part of the project including the new tenements has been completed and has already received its Occupation Certificate (OC).
PM gifts Rs 38,000-cr development projects to Mumbai; Eknath Shinde, Devendra Fadnavis target Uddhav govt
At the inauguration and foundation stone laying ceremony of development projects at Bandra Kurla Complex (BKC), both Shinde and deputy chief minister Devendra Fadnavis targeted the Uddhav Thackeray-led Shiv Sena faction and the MVA government. Civic elections in Mumbai and some other important cities, including Pune, Thane and Nagpur, are likely to be held later this year.
Maharashtra CM Shinde asks realty developers to build iconic structures in Mumbai
“When we visit South Mumbai, we see iconic structures developed by the British. We are expecting each one of you to develop iconic structures in the city and create landmarks. You can tell us if any support is needed from the government’s side for this,” said Chief Minister Eknath Shinde.
Maharashtra govt to study, consider stamp duty reduction, says CM Shinde
As a minister of Urban Development in the previous government, Eknath Shinde had already provided concessions on premium to the real estate industry that helped its revival to a large extent and is willing to extend support to the industry even now.
Maharashtra govt floats global tender for Dharavi redevelopment project
On Friday, Maharashtra’s Deputy Chief Minister Devendra Fadnavis had announced that the government has already completed the process of granting approvals to this ambitious project and the tendering process required to commence the redevelopment work will be done in the next three months.
Mumbai residents to get free healthcare facilities from next month, announces CM Eknath Shinde
139 medical tests will be provided free of charge at these centres run by the BMC. The polyclinics will work from 7am to 10pm in two shifts. The dispensaries will provide treatment general ailments, while the specialised consultations such as ENT, ophthalmology, paediatrics and gynaecology, will be provided at the polyclinics called Hinduhridaysamrat Balasaheb Thackeray polyclinics.
Maharashtra govt’s slum rehab projects’ amnesty to help unlock Rs 35,000 cr stuck loans
The key issue that has led to majors concerns over financing of these projects is that all the loans extended by these institutions to such slum rehabilitation projects are not recognised by the Slum Rehabilitation Authority (SRA), a government body that serves as the planning and governing authority for all slum areas in Mumbai and Thane.
At 1,081, Maharashtra logs highest daily COVID-19 cases after Feb 24; Mumbai records 739 fresh cases
Mumbai reported the highest daily rise after February 4, but no fatalities, as per the bulletin issued by the Brihanmumbai Municipal Corporation.
Maharashtra govt’s slum authority to expedite declaration of slums for rehabilitation
There are several slums in Mumbai city and suburban area existing on private lands as well as lands owned by public authorities and this policy decision will be applicable to all of these slums.
Two years after pandemic outbreak, Dharavi free of COVID-19
Mumbai's slum colony of Dharavi, once a coronavirus hotspot and a challenge for municipal authorities in implementing containment measures, has become free of COVID-19, nearly two years after reporting the first case of the infection. Kiran Dighavkar, assistant municipal commissioner of G-North ward, which houses Dharavi, said for the first time since the outbreak of coronavirus in 2020, the slum- dominated area has no active case.
Maharashtra government increases FSI for slum-rehab projects across state
The government has revised the Unified Development Control Promotion Regulations (UDCPR) for the rest of the state to give effect to this increase in the FSI.
Lodha in talks with HDFC to develop 1.4-million-sq-ft office project in Mumbai's Andheri
As part of this proposed tripartite agreement, Lodha will be responsible for development of the 15-storey office tower with five basements, while Omkar is expected to secure approvals in addition to completing the rehabilitation part.
Realtors’ body approaches Maharashtra CM to support Mumbai slum, cess buildings redevelopment
“While doing this, BAI is not asking for any monitory gain or the changes in the Development Control Rule. The government agencies will be free to sell off the housing stock generated out of the sealable components and generate revenue. Thus, all the stakeholders such as tenants, owners, occupants and the government will be benefited from these projects,” stated the letter by Mohinder Rijhwani, Chairman, Mumbai Center, BAI.
How Dharavi, Asia’s densest slum, chased the virus has lessons for others
Till just a few weeks ago, the likely fate of Asia's densest slum was giving India nightmares.
Covid-19 Impact: All future Mumbai slum rehab projects to house primary health care centers
Maharashtra’s housing minister Jitendra Awhad, took to social microblogging website to announce the decision. “Henceforth all Slum Rehabilitation Project, to take care of slum dwellers, will have a primary healthcare centre measuring 1,000-5,000 sq ft. It will be free of FSI basis.”
Dharavi redevelopment pre-bid meet draws significant interest
The redevelopment project will be awarded to the entity that bids above the base price of Rs 3,150 crore.
MahaRERA rules that developer-broker dispute can’t come in way of homebuyer refund
Maharashtra RERA directed SSV Developers to refund Rs 65 lakh with interest to home buyer, ruled that the developer cannot cite his dispute with brokerage firm to deny refund.
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