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First phase of Dharavi revamp project set to take off in May

The Dharavi redevelopment - one of Mumbai's ambitious slum revamp project worth Rs15,000 crore - is all set to take off in May with its first phase of construction of 344 houses for the slumdwellers.

Updated on: Feb 23, 2012 12:50 AM IST
Hindustan Times | By , Mumbai
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The Dharavi redevelopment - one of Mumbai's ambitious slum revamp project worth Rs15,000 crore - is all set to take off in May with its first phase of construction of 344 houses for the slumdwellers.

HT Image
HT Image

The Maharashtra Housing and Area Development Authority (Mhada), which will be responsible for redeveloping sector 5, would begin the construction of the vacant plots on the land it owns. According to a senior Mhada official, who is overseeing the project, the contractors would be appointed within a month. "The work will start in the next three months and it will take at least two years to complete the construction," he said.

In the first phase, of the 62 hectares in sector 5, work will be carried out on the 7 hectares of land owned by Mhada. "We will not displace anyone. We want people to see the kind of buildings we are constructing, so that they get the confidence to move here," he said.

Currently, the seed money for the project is Rs50 crore and there are indications that Rs250 crore would be added to Mhada's kitty. According to experts, the total cost for sector 5 may approximately come to Rs2,500 crore.

The revamp plan, mooted in 2004, has been facing a host of problems over the years. The global tenders to select the developers were scrapped recently. The state government, last year, decided to hand over sector 5 to Mhada with an aim of creating affordable houses.

The development authority will undertake phase II simultaneously and plans to float a tender to appoint its own project management consultant (PMC). The PMC would be required to undertake social survey, development plan and land analysis and study the financial viability of the project. "We will give him one year to prepare a roadmap to implement the project," said the official.

 
ABOUT THE AUTHOR
Naresh Kamath

Naresh is a Special Correspondent with Hindustan Times, Mumbai, since 2005. He covers the real estate sector, in addition to doing political reportage.

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